Generation Income Properties (NASDAQ:GIPR) Shares Down 6.3% – Here’s What Happened

Generation Income Properties, Inc. (NASDAQ:GIPR) shares fell 6.3% on Wednesday . The company traded as low as $1.70 and last traded at $1.78. 34,331 shares were traded during trading, an increase of 14% from the average session volume of 30,166 shares. The stock had previously closed at $1.90.

Generation Income Properties Stock Performance

The stock has a market capitalization of $9.65 million, a price-to-earnings ratio of -0.71 and a beta of -0.11. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 9.72. The firm has a 50-day moving average of $1.77 and a 200-day moving average of $1.97.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Generation Income Properties stock. Gator Capital Management LLC purchased a new position in Generation Income Properties, Inc. (NASDAQ:GIPR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 86,024 shares of the company’s stock, valued at approximately $157,000. Gator Capital Management LLC owned 1.59% of Generation Income Properties at the end of the most recent quarter. Institutional investors own 20.72% of the company’s stock.

About Generation Income Properties

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.