Grit Real Estate Income Group (LON:GR1T) Trading Down 4% – Time to Sell?

Grit Real Estate Income Group Limited (LON:GR1T) was down 4% on Thursday . The company traded as low as GBX 6.29 and last traded at GBX 6.29. Approximately 10,412 shares changed hands during trading, a decline of 56% from the average daily volume of 23,437 shares. The stock had previously closed at GBX 6.55.

Grit Real Estate Income Group Stock Down 4.0%

The company has a quick ratio of 0.24, a current ratio of 0.30 and a debt-to-equity ratio of 212.34. The company’s fifty day moving average price is GBX 6.07 and its 200-day moving average price is GBX 6.26. The stock has a market capitalization of £32.68 million, a PE ratio of -0.49 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.