Shares of Ground Rents Income Fund PLC (LON:GRIO – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 18.02 and traded as low as GBX 16.44. Ground Rents Income Fund shares last traded at GBX 16.44, with a volume of 91,992 shares traded.
Ground Rents Income Fund Price Performance
The firm has a market cap of £15.79 million, a P/E ratio of -0.79 and a beta of 0.76. The business’s 50-day moving average is GBX 17.18 and its two-hundred day moving average is GBX 17.98.
Ground Rents Income Fund (LON:GRIO – Get Free Report) last issued its quarterly earnings results on Monday, June 29th. The company reported GBX (22.60) earnings per share (EPS) for the quarter. Ground Rents Income Fund had a net margin of 1,164.41% and a negative return on equity of 47.94%.
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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