Ground Rents Income Fund PLC (LON:GRIO – Get Free Report)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 17.45 and traded as high as GBX 18.74. Ground Rents Income Fund shares last traded at GBX 18.74, with a volume of 1,327 shares changing hands.
Ground Rents Income Fund Stock Down 6.9%
The company has a 50-day moving average price of GBX 17.46 and a 200 day moving average price of GBX 19.87. The firm has a market capitalization of £15.59 million, a PE ratio of -3.62 and a beta of 0.38. The company has a debt-to-equity ratio of 15.64, a current ratio of 0.81 and a quick ratio of 1.07.
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. 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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