Grit Real Estate Income Group (LON:GR1T) Reaches New 1-Year Low – Here’s What Happened

Grit Real Estate Income Group Limited (LON:GR1T)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 9.80 ($0.12) and last traded at GBX 9.90 ($0.12), with a volume of 70000 shares traded. The stock had previously closed at GBX 10.25 ($0.13).

Grit Real Estate Income Group Trading Down 3.4 %

The company has a debt-to-equity ratio of 152.89, a quick ratio of 0.24 and a current ratio of 0.28. The stock has a fifty day moving average of GBX 10.51 and a 200 day moving average of GBX 12.56. The company has a market capitalization of £46.60 million, a PE ratio of -141.41 and a beta of 0.20.

About Grit Real Estate Income Group

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.