Ground Rents Income Fund (LON:GRIO) Sets New 52-Week Low – What’s Next?

Ground Rents Income Fund PLC (LON:GRIO)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 17 and last traded at GBX 17, with a volume of 237014 shares changing hands. The stock had previously closed at GBX 20.

Ground Rents Income Fund Price Performance

The stock has a market capitalization of £15.79 million, a price-to-earnings ratio of -3.67 and a beta of 0.38. The stock has a 50 day moving average price of GBX 23.75 and a 200-day moving average price of GBX 25.73.

Ground Rents Income Fund (LON:GRIO) last posted its quarterly earnings data on Friday, December 12th. The company reported GBX (4.50) EPS 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.