Grit Real Estate Income Group (LON:GR1T) Trading Down 4.4% – Should You Sell?

Grit Real Estate Income Group Limited (LON:GR1T)’s stock price traded down 4.4% during trading on Wednesday . The stock traded as low as GBX 12.38 ($0.16) and last traded at GBX 12.38 ($0.16). 14,815 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 400,451 shares. The stock had previously closed at GBX 12.95 ($0.17).

Grit Real Estate Income Group Price Performance

The company’s 50-day moving average price is GBX 13.46 and its two-hundred day moving average price is GBX 16.73. The company has a debt-to-equity ratio of 152.89, a current ratio of 0.28 and a quick ratio of 0.24. The company has a market capitalization of £58.27 million, a P/E ratio of -176.86 and a beta of 0.20.

About Grit Real Estate Income Group

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.