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

abrdn Property Income Trust Limited (LON:APIGet Free Report)’s stock price dropped 31.8% on Wednesday . The stock traded as low as GBX 1.42 and last traded at GBX 1.91. Approximately 474,681 shares changed hands during mid-day 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 Down 31.8%

The firm has a market cap of £7.28 million, a P/E ratio of -2.12 and a beta of 0.49. The firm’s fifty day moving average is GBX 2.03 and its two-hundred day moving average is GBX 2.24.

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

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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