Ground Rents Income Fund PLC (LON:GRIO – Get Free Report) 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 changing hands.
Ground Rents Income Fund Stock Down 5.3%
The company has a market cap of £15.85 million, a PE ratio of -0.80 and a beta of 0.76. The stock has a 50-day moving average of GBX 16.99 and a 200-day moving average of GBX 17.54.
Ground Rents Income Fund (LON:GRIO – Get Free Report) last posted its earnings results on Monday, June 29th. The company reported GBX (22.60) EPS for the quarter. Ground Rents Income Fund had a negative return on equity of 47.94% and a net margin of 1,164.41%.
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.
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