abrdn Property Income Trust (LON:API) Shares Up 12.7% – Still a Buy?

abrdn Property Income Trust Limited (LON:API – Get Free Report)’s share price shot up 12.7% during mid-day trading on Wednesday. The company traded as high as GBX 1.99 and last traded at GBX 1.99. Approximately 257,235 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 994,160 shares. The stock had previously closed at GBX 1.76.

abrdn Property Income Trust Price Performance

The stock’s 50-day moving average is GBX 1.80 and its 200 day moving average is GBX 1.88. The company has a market cap of £7.59 million, a PE ratio of -3.02 and a beta of 0.65.

abrdn Property Income Trust Company Profile

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

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