Shares of Ground Rents Income Fund PLC (LON:GRIO – Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 17 and last traded at GBX 17, with a volume of 237014 shares. The stock had previously closed at GBX 20.
Ground Rents Income Fund Stock Performance
The firm has a market cap of £16.26 million, a P/E ratio of -3.78 and a beta of 0.38. The business’s 50-day simple moving average is GBX 24.20 and its 200 day simple moving average is GBX 25.95.
Ground Rents Income Fund (LON:GRIO – Get Free Report) last released its quarterly earnings results on Friday, December 12th. The company reported GBX (4.50) earnings per share for the quarter. Ground Rents Income Fund had a negative net margin of 413.74% and a negative return on equity of 39.19%.
About Ground Rents Income Fund
The Company has been established to provide secure long-term performance through investment in long dated UK ground rents, which have historically had little correlation to traditional property asset classes and have seen their value remain consistent regardless of the underlying state of the economy. The Company will give investors the opportunity to invest, through the Company, in a portfolio of ground rents. The Company will seek to acquire a portfolio of assets with the potential for income generation from the collection of ground rents.
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