Generation Income Properties (NASDAQ:GIPR) Shares Down 6% – Time to Sell?

Generation Income Properties, Inc. (NASDAQ:GIPR)’s share price traded down 6% during mid-day trading on Thursday . The stock traded as low as $1.24 and last traded at $1.26. 37,815 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 1,247,725 shares. The stock had previously closed at $1.34.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Generation Income Properties in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Generation Income Properties Stock Performance

The stock has a market cap of $6.85 million, a price-to-earnings ratio of -0.66 and a beta of -0.10. The stock’s 50 day moving average is $1.18 and its two-hundred day moving average is $1.34. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 20.28.

Generation Income Properties (NASDAQ:GIPR) last issued its quarterly earnings results on Friday, August 15th. The company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.20). The business had revenue of $2.43 million for the quarter, compared to analyst estimates of $2.38 million. Generation Income Properties had a negative return on equity of 247.43% and a negative net margin of 105.40%.

Institutional Trading of Generation Income Properties

An institutional investor recently raised its position in Generation Income Properties stock. Gator Capital Management LLC increased its holdings in shares of Generation Income Properties, Inc. (NASDAQ:GIPR) by 12.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 228,643 shares of the company’s stock after purchasing an additional 24,443 shares during the period. Gator Capital Management LLC owned 4.20% of Generation Income Properties worth $334,000 as of its most recent SEC filing. 20.72% of the stock is owned by institutional investors.

Generation Income Properties Company Profile

Generation Income Properties, Inc, located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.