Gresham House Energy Storage (LON:GRID) Shares Down 0.7% – Time to Sell?

Gresham House Energy Storage (LON:GRID)’s share price traded down 0.7% during mid-day trading on Thursday . The company traded as low as GBX 72.50 and last traded at GBX 72.75. 297,757 shares traded hands during trading, a decline of 27% from the average session volume of 410,459 shares. The stock had previously closed at GBX 73.25.

Gresham House Energy Storage Stock Performance

The business has a fifty day simple moving average of GBX 77.82 and a 200 day simple moving average of GBX 75.45. The stock has a market capitalization of £413.99 million, a price-to-earnings ratio of -51.60 and a beta of 0.26.

Gresham House Energy Storage Company Profile

Gresham House Energy Storage Fund plc (GRID or the Fund) seeks to capitalise on the growing intraday supply and demand imbalances caused by Great Britain’s ever increasing reliance on renewable energy. The Fund aims to provide investors with an attractive and sustainable dividend by investing in a portfolio of utility-scale Battery Energy Storage Systems (BESS) located in Great Britain, which primarily use batteries to import and export power, accessing multiple revenue sources available in the power market.

Gresham House Asset Management Limited (GHAM), is the investment Manager for Gresham House Energy Storage Fund plc.