Ground Rents Income Fund (LON:GRIO) Reaches New 1-Year Low – Time to Sell?

Ground Rents Income Fund PLC (LON:GRIO) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 13.20 and last traded at GBX 17.48, with a volume of 9875 shares. The stock had previously closed at GBX 17.50.

Ground Rents Income Fund Trading Down 0.1%

The firm has a market capitalization of £16.72 million, a PE ratio of -3.88 and a beta of 0.38. The company has a quick ratio of 1.07, a current ratio of 0.81 and a debt-to-equity ratio of 15.64. The business’s fifty day moving average price is GBX 17.20 and its 200 day moving average price is GBX 21.24.

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.