Grit Real Estate Income Group (LON:GR1T) Stock Price Down 11.1% – Here’s What Happened

Grit Real Estate Income Group Limited (LON:GR1T) shares traded down 11.1% during mid-day trading on Thursday . The company traded as low as GBX 6 and last traded at GBX 6. 104,000 shares changed hands during trading, a decline of 92% from the average session volume of 1,326,452 shares. The stock had previously closed at GBX 6.75.

Grit Real Estate Income Group Stock Performance

The company has a market cap of £31.95 million, a PE ratio of -0.48 and a beta of 0.20. The stock has a fifty day moving average of GBX 6.71 and a 200-day moving average of GBX 6.35. The company has a debt-to-equity ratio of 212.34, a quick ratio of 0.24 and a current ratio of 0.30.

Grit Real Estate Income Group Company Profile

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.