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abrdn European Logistics Income (LON:ASLI) Shares Up 0.6% - Here's Why

abrdn European Logistics Income logo with Financial Services background

Key Points

  • Shares of abrdn European Logistics Income plc rose 0.6%, trading at GBX 47.80 ($0.64) amidst lower trading volume of approximately 309,397 shares.
  • The company's market capitalization stands at £236.76 million with a negative P/E ratio of -3.56, indicating potential challenges in profitability.
  • Despite the stock's recent performance, analysts highlight capturing long-term income potential from logistics real estate in Europe.
  • MarketBeat previews top five stocks to own in October.

abrdn European Logistics Income plc (LON:ASLI - Get Free Report) shares shot up 0.6% during trading on Wednesday . The company traded as high as GBX 47.84 ($0.64) and last traded at GBX 47.80 ($0.64). 309,397 shares changed hands during trading, a decline of 71% from the average session volume of 1,062,694 shares. The stock had previously closed at GBX 47.50 ($0.64).

abrdn European Logistics Income Price Performance

The stock has a market cap of £235.52 million, a P/E ratio of -3.54, a PEG ratio of 9.27 and a beta of 0.38. The business's 50 day simple moving average is GBX 56.54 and its 200 day simple moving average is GBX 57.12.

abrdn European Logistics Income Company Profile

(Get Free Report)

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

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