Ground Rents Income Fund (LON:GRIO) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Ground Rents Income Fund PLC (LON:GRIO) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 17.54 and traded as low as GBX 16.57. Ground Rents Income Fund shares last traded at GBX 16.57, with a volume of 5,000 shares traded.

Ground Rents Income Fund Stock Down 5.3%

The company has a 50 day simple moving average of GBX 16.99 and a two-hundred day simple moving average of GBX 17.54. The company has a market capitalization of £15.85 million, a P/E ratio of -0.80 and a beta of 0.76.

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