abrdn Property Income Trust (LON:API) Trading Down 31.8% – Here’s Why

abrdn Property Income Trust Limited (LON:APIGet Free Report)’s stock price was down 31.8% during mid-day trading on Wednesday . The company traded as low as GBX 1.42 and last traded at GBX 1.91. Approximately 474,681 shares were traded during trading, a decline of 64% from the average daily volume of 1,309,965 shares. The stock had previously closed at GBX 2.80.

abrdn Property Income Trust Stock Performance

The stock’s 50-day simple moving average is GBX 2.03 and its 200-day simple moving average is GBX 2.20. The stock has a market cap of £7.81 million, a price-to-earnings ratio of -2.28 and a beta of 0.49.

abrdn Property Income Trust (LON:APIGet Free Report) last announced its earnings results on Tuesday, April 28th. The company reported GBX (0.90) earnings per share (EPS) for the quarter. abrdn Property Income Trust had a negative return on equity of 16.03% and a net margin of 105.57%.

About abrdn Property Income Trust

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Actively managing UK real estate looking for higher yield and capital growth

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