Ground Rents Income Fund PLC (LON:GRIO – Get Free Report) shares dropped 11.8% on Tuesday . The company traded as low as GBX 30 ($0.38) and last traded at GBX 30 ($0.38). Approximately 381,789 shares were traded during mid-day trading, an increase of 57% from the average daily 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 two-hundred day moving average price is GBX 25.92. The firm has a market capitalization 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 for the quarter. Ground Rents Income Fund had a negative net margin of 413.74% and a negative return on equity of 39.19%.
About Ground Rents Income Fund
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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