Grit Real Estate Income Group (LON:GR1T) Hits New 1-Year Low – Here’s Why

by · The Cerbat Gem

Grit Real Estate Income Group Limited (LON:GR1T – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 10 ($0.13) and last traded at GBX 10.01 ($0.13), with a volume of 24826 shares trading hands. The stock had previously closed at GBX 10.25 ($0.13).

Grit Real Estate Income Group Trading Down 2.3 %

The firm’s fifty day moving average is GBX 12.42 and its two-hundred day moving average is GBX 15.79. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 152.89. The firm has a market cap of £47.12 million, a P/E ratio of -143.00 and a beta of 0.20.

About Grit Real Estate Income Group

(Get Free Report)

Grit Real Estate Income Group Limited is the leading Pan-African real estate company focused on investing in, developing and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors.

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