abrdn Property Income Trust (LON:API) Trading 16.9% Higher – Here’s What Happened

Shares of abrdn Property Income Trust Limited (LON:APIGet Free Report) shot up 16.9% during trading on Friday . The company traded as high as GBX 2.05 and last traded at GBX 2.05. 2,016,358 shares were traded during mid-day trading, a decline of 37% from the average session volume of 3,191,548 shares. The stock had previously closed at GBX 1.75.

abrdn Property Income Trust Stock Performance

The company has a market cap of £7.44 million, a price-to-earnings ratio of -0.23 and a beta of 0.33. The firm’s 50-day moving average price is GBX 2.05 and its 200 day moving average price is GBX 4.11.

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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