Ground Rents Income Fund PLC (LON:GRIO – Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 26.45 ($0.35) and traded as high as GBX 27.40 ($0.37). Ground Rents Income Fund shares last traded at GBX 26.20 ($0.35), with a volume of 178,922 shares trading hands.
Ground Rents Income Fund Stock Performance
The firm’s 50 day moving average is GBX 26.45 and its 200-day moving average is GBX 27.34. The stock has a market capitalization of £25.07 million, a price-to-earnings ratio of -1.59 and a beta of 0.38.
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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