Ground Rents Income Fund PLC (LON:GRIO – Get Free Report) fell 11.8% during mid-day trading on Tuesday . The company traded as low as GBX 30 ($0.38) and last traded at GBX 30 ($0.38). 381,789 shares changed hands during trading, an increase of 57% from the average session volume of 243,571 shares. The stock had previously closed at GBX 34 ($0.43).
Ground Rents Income Fund Trading Down 11.8 %
The stock’s fifty day moving average price is GBX 29.10 and its 200-day moving average price is GBX 25.92. The firm has a market cap of £27.88 million, a price-to-earnings ratio of -1.16 and a beta of 0.38.
Ground Rents Income Fund (LON:GRIO – Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The company reported GBX (31.10) (($0.39)) earnings per share (EPS) for the quarter. Ground Rents Income Fund had a negative return on equity of 39.19% and a negative net margin of 413.74%.
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.
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