Grit Real Estate Income Group (LON:GR1T) Stock Price Down 1.1% – Here’s Why

Grit Real Estate Income Group Limited (LON:GR1T) shares dropped 1.1% during mid-day trading on Thursday . The stock traded as low as GBX 6.92 ($0.09) and last traded at GBX 6.92 ($0.09). Approximately 5,780 shares changed hands during trading, a decline of 97% from the average daily volume of 206,868 shares. The stock had previously closed at GBX 7 ($0.09).

Grit Real Estate Income Group Trading Down 1.1 %

The firm’s fifty day moving average is GBX 7.91 and its two-hundred day moving average is GBX 9.71. The company has a quick ratio of 0.24, a current ratio of 0.30 and a debt-to-equity ratio of 212.34. The firm has a market cap of £42.16 million, a P/E ratio of -2.28 and a beta of 0.20.

Grit Real Estate Income Group Company Profile

Grit is a leading, London-listed pan-African impact real estate investor and solutions provider. We invest in and actively manage a diverse portfolio of assets underpinned by mainly US dollar and Euro denominated long-term lease with high-quality multi-national tenants.

We leverage our deep African real estate insights and in-country expertise to offer unique real estate solutions in property development, asset and property management as well as selected co-investment opportunities for qualifying counterparties.

Through our family of partnerships, we find opportunities to drive positive social and environmental change that transcend buildings to the benefit all current stakeholders and generations to come.