abrdn European Logistics Income (LON:ASLI) Stock Price Down 19.7% - What's Next?

Key Points

• abrdn European Logistics Income plc's share price fell by 19.7%, dropping to as low as GBX 51.50 ($0.69) from a previous close of GBX 64.60 ($0.86).
• The trading volume increased significantly, with approximately 1.9 million shares changing hands, representing a 92% rise from its average daily volume.
• The company has a market capitalization of £258.03 million and a price-to-earnings ratio of -3.88, indicating potential financial concerns.

abrdn European Logistics Income plc (LON:ASLI - Get Free Report) shares fell 19.7% on Wednesday . The stock traded as low as GBX 51.50 ($0.68) and last traded at GBX 51.90 ($0.69). 1,945,047 shares traded hands during mid-day trading, an increase of 92% from the average session volume of 1,014,546 shares. The stock had previously closed at GBX 64.60 ($0.86).

abrdn European Logistics Income Trading Down 2.2%

The business's 50 day moving average price is GBX 60.59 and its 200-day moving average price is GBX 58.47. The company has a market cap of £236.26 million, a price-to-earnings ratio of -3.55, a PEG ratio of 9.27 and a beta of 0.38.

abrdn European Logistics Income Company Profile

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