Ground Rents Income Fund (LON:GRIO) Stock Price Down 8.3% – Here’s What Happened

Ground Rents Income Fund PLC (LON:GRIO)’s share price was down 8.3% during trading on Tuesday . The company traded as low as GBX 22 and last traded at GBX 22. Approximately 116,600 shares were traded during trading, a decline of 69% from the average daily volume of 376,607 shares. The stock had previously closed at GBX 24.

Ground Rents Income Fund Price Performance

The company has a market capitalization of £15.55 million, a PE ratio of -3.61 and a beta of 0.38. The stock’s 50 day simple moving average is GBX 24.06 and its 200-day simple moving average is GBX 25.89.

Ground Rents Income Fund (LON:GRIO) last announced its quarterly earnings data 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.