Generation Income Properties (NASDAQ:GIPR) Trading Up 1.1% – Here’s What Happened

Generation Income Properties, Inc. (NASDAQ:GIPR)’s stock price traded up 1.1% on Wednesday . The company traded as high as $1.95 and last traded at $1.82. 94,101 shares were traded during trading, an increase of 216% from the average session volume of 29,762 shares. The stock had previously closed at $1.80.

Generation Income Properties Price Performance

The firm’s 50 day moving average price is $1.87 and its two-hundred day moving average price is $2.43. The company has a debt-to-equity ratio of 9.72, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $9.82 million, a PE ratio of -0.72 and a beta of -0.11.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Generation Income Properties stock. Renaissance Technologies LLC bought a new position in shares of Generation Income Properties, Inc. (NASDAQ:GIPR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 28,600 shares of the company’s stock, valued at approximately $117,000. Renaissance Technologies LLC owned approximately 0.53% of Generation Income Properties as of its most recent SEC filing. 20.72% of the stock is owned by institutional investors.

Generation Income Properties Company Profile

Generation Income Properties, Inc, located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.