Ground Rents Income Fund PLC (LON:GRIO – Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 17.33 and traded as low as GBX 16.43. Ground Rents Income Fund shares last traded at GBX 17.25, with a volume of 38,958 shares.
Ground Rents Income Fund Trading Down 3.1%
The company has a current ratio of 0.81, a quick ratio of 1.06 and a debt-to-equity ratio of 15.64. The company has a fifty day moving average price of GBX 17.30 and a two-hundred day moving average price of GBX 19.12. The firm has a market capitalization of £15.52 million, a price-to-earnings ratio of -3.61 and a beta of 0.76.
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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