abrdn Property Income Trust (LON:API) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Posted by ABMN Staff on Jan 4th, 2025

abrdn Property Income Trust Limited (LON:API – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 52.41 ($0.65) and traded as low as GBX 6.85 ($0.09). abrdn Property Income Trust shares last traded at GBX 6.85 ($0.09), with a volume of 3,734,045 shares trading hands.

abrdn Property Income Trust Trading Up 0.7 %

The company has a debt-to-equity ratio of 47.99, a current ratio of 3.47 and a quick ratio of 0.16. The stock’s 50-day moving average is GBX 45.79 and its two-hundred day moving average is GBX 52.41. The company has a market cap of £26.11 million, a P/E ratio of -342.50 and a beta of 0.33.

abrdn Property Income Trust Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 17th were given a dividend of GBX 52 ($0.65) per share. This represents a yield of 85.81%. This is a positive change from abrdn Property Income Trust’s previous dividend of $3.00. The ex-dividend date of this dividend was Tuesday, December 17th. abrdn Property Income Trust’s payout ratio is -20,000.00%.

Insider Transactions at abrdn Property Income Trust

In other news, insider Jill May sold 128,592 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of GBX 61 ($0.76), for a total transaction of £78,441.12 ($97,442.39). Corporate insiders own 3.21% of the company’s stock.