Shares of Ground Rents Income Fund PLC (LON:GRIO – Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 20.97 and traded as low as GBX 17. Ground Rents Income Fund shares last traded at GBX 17.75, with a volume of 1,401 shares.
Ground Rents Income Fund Price Performance
The business has a 50 day moving average of GBX 17.19 and a 200 day moving average of GBX 20.97. The company has a market cap of £16.07 million, a PE ratio of -3.73 and a beta of 0.38. The company has a debt-to-equity ratio of 15.64, a current ratio of 0.81 and a quick ratio of 1.07.
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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