Grit Real Estate Income Group (LON:GR1T) Stock Price Down 3.6% – Time to Sell?

Grit Real Estate Income Group Limited (LON:GR1T)’s share price dropped 3.6% during mid-day trading on Thursday . The company traded as low as GBX 10.13 ($0.12) and last traded at GBX 10.13 ($0.12). Approximately 5,000 shares changed hands during trading, a decline of 88% from the average daily volume of 42,938 shares. The stock had previously closed at GBX 10.50 ($0.13).

Grit Real Estate Income Group Stock Down 3.6 %

The company’s 50-day moving average price is GBX 10.76 and its 200 day moving average price is GBX 13.49. The company has a debt-to-equity ratio of 152.89, a quick ratio of 0.24 and a current ratio of 0.28. The stock has a market cap of £47.66 million, a PE ratio of -144.64 and a beta of 0.20.

Grit Real Estate Income Group Company Profile

Grit is a leading, London-listed pan-African impact real estate investor and solutions provider. We invest in and actively manage a diverse portfolio of assets underpinned by mainly US dollar and Euro denominated long-term lease with high-quality multi-national tenants.

We leverage our deep African real estate insights and in-country expertise to offer unique real estate solutions in property development, asset and property management as well as selected co-investment opportunities for qualifying counterparties.

Through our family of partnerships, we find opportunities to drive positive social and environmental change that transcend buildings to the benefit all current stakeholders and generations to come.