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abrdn European Logistics Income (LON:ASLI) Shares Down 28.5% - What's Next?

abrdn European Logistics Income logo with Financial Services background

Key Points

  • abrdn European Logistics Income plc's shares fell 28.5% to GBX 33.90 ($0.46) during Monday's trading, significantly lower than the previous close of GBX 47.40 ($0.64).
  • The trading volume reached 2,955,353 shares, marking a 173% increase compared to the average session volume of 1,082,578 shares.
  • The company's market cap is currently £139.73 million, with a remarkably high PE ratio of 4,842.86, suggesting potential valuation concerns.
  • MarketBeat previews the top five stocks to own by October 1st.

abrdn European Logistics Income plc (LON:ASLI - Get Free Report) traded down 28.5% during trading on Monday . The company traded as low as GBX 33 ($0.45) and last traded at GBX 33.90 ($0.46). 2,955,353 shares changed hands during mid-day trading, an increase of 173% from the average session volume of 1,082,578 shares. The stock had previously closed at GBX 47.40 ($0.64).

abrdn European Logistics Income Price Performance

The company has a market cap of £139.73 million, a PE ratio of 4,842.86, a price-to-earnings-growth ratio of 9.27 and a beta of 0.38. The company's 50 day simple moving average is GBX 52.83 and its two-hundred day simple moving average is GBX 55.91.

About abrdn European Logistics Income

(Get Free Report)

Capturing long-term income potential from logistics real estate in Europe

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