Grit Real Estate Income Group (LON:GR1T) Trading Down 3.6% – Here’s Why

Shares of Grit Real Estate Income Group Limited (LON:GR1T) dropped 3.6% on Thursday . The company traded as low as GBX 10.13 ($0.12) and last traded at GBX 10.13 ($0.12). Approximately 5,000 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 42,938 shares. The stock had previously closed at GBX 10.50 ($0.13).

Grit Real Estate Income Group Price Performance

The business has a fifty day moving average price of GBX 10.71 and a two-hundred day moving average price of GBX 13.46. The company has a debt-to-equity ratio of 152.89, a current ratio of 0.28 and a quick ratio of 0.24. The firm has a market capitalization of £49.42 million, a price-to-earnings ratio of -150.00 and a beta of 0.20.

About Grit Real Estate Income Group

Grit is a leading, London-listed pan-African impact real estate investor and solutions provider. We invest in and actively manage a diverse portfolio of assets underpinned by mainly US dollar and Euro denominated long-term lease with high-quality multi-national tenants.

We leverage our deep African real estate insights and in-country expertise to offer unique real estate solutions in property development, asset and property management as well as selected co-investment opportunities for qualifying counterparties.

Through our family of partnerships, we find opportunities to drive positive social and environmental change that transcend buildings to the benefit all current stakeholders and generations to come.