Ground Rents Income Fund (LON:GRIO) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

by · The Markets Daily

Ground Rents Income Fund PLC (LON:GRIO – Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 24.37 and traded as high as GBX 24.50. Ground Rents Income Fund shares last traded at GBX 23.13, with a volume of 25,052 shares traded.

Ground Rents Income Fund Stock Down 2.8%

The firm has a market capitalization of £22.32 million, a price-to-earnings ratio of -5.19 and a beta of 0.38. The company has a 50-day moving average price of GBX 24.36 and a 200-day moving average price of GBX 26.31.

Ground Rents Income Fund (LON:GRIO – Get Free Report) last issued its quarterly earnings results on Friday, December 12th. The company reported GBX (4.50) earnings per share (EPS) for the quarter. Ground Rents Income Fund had a negative net margin of 413.74% and a negative return on equity of 39.19%.

Ground Rents Income Fund Company Profile

(Get Free Report)

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.

Featured Stories