Ground Rents Income Fund (LON:GRIO) Reaches New 1-Year Low – Here’s What Happened

Ground Rents Income Fund PLC (LON:GRIO) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 17 and last traded at GBX 17, with a volume of 237014 shares trading hands. The stock had previously closed at GBX 20.

Ground Rents Income Fund Stock Performance

The firm has a market capitalization of £16.26 million, a PE ratio of -3.78 and a beta of 0.38. The business’s fifty 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) last released its quarterly earnings data on Friday, December 12th. The company reported GBX (4.50) EPS for the quarter. Ground Rents Income Fund had a negative net margin of 413.74% and a negative return on equity of 39.19%.

Ground Rents Income Fund Company Profile

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.