abrdn European Logistics Income (LON:ASLI) Stock Price Up 1.4% – Should You Buy?

abrdn European Logistics Income plc (LON:ASLI) rose 1.4% during trading on Tuesday . The stock traded as high as GBX 58.40 ($0.74) and last traded at GBX 58.40 ($0.74). Approximately 713,802 shares were traded during trading, a decline of 25% from the average daily volume of 951,042 shares. The stock had previously closed at GBX 57.60 ($0.73).

abrdn European Logistics Income Price Performance

The business’s fifty day moving average price is GBX 59.53 and its 200 day moving average price is GBX 60.53. The company has a debt-to-equity ratio of 72.97, a current ratio of 3.10 and a quick ratio of 4.22. The stock has a market cap of £237.41 million, a P/E ratio of -338.26, a PEG ratio of 9.27 and a beta of 0.38.

abrdn European Logistics Income Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, September 5th were issued a dividend of GBX 0.77 ($0.01) per share. The ex-dividend date was Thursday, September 5th. This represents a dividend yield of 1.24%. abrdn European Logistics Income’s dividend payout ratio (DPR) is presently -2,941.18%.

About abrdn European Logistics Income

abrdn European Logistics Income plc, together with its subsidiaries, invests in logistic real estate properties in Europe. Its property portfolio includes mid-box and urban logistics warehouses. The company was formerly known as Aberdeen Standard European Logistics Income PLC and changed its name to abrdn European Logistics Income plc in January 2022.