Ground Rents Income Fund PLC (LON:GRIO – Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-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 changing hands.
Ground Rents Income Fund Stock Performance
The company has a market cap of £16.50 million, a PE ratio of -3.83 and a beta of 0.76. The company’s 50 day simple moving average is GBX 17.33 and its two-hundred day simple moving average is GBX 19.19. The company has a debt-to-equity ratio of 15.64, a current ratio of 0.81 and a quick ratio of 1.06.
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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