Grit Real Estate Income Group (LON:GR1T) Sets New 52-Week Low – Should You Sell?

Grit Real Estate Income Group Limited (LON:GR1T)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 9.90 ($0.12) and last traded at GBX 9.85 ($0.12), with a volume of 721 shares trading hands. The stock had previously closed at GBX 10 ($0.12).

Grit Real Estate Income Group Price Performance

The firm’s 50-day moving average is GBX 10.46 and its two-hundred day moving average is GBX 12.34. 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 cap of £46.36 million, a P/E ratio of -140.71 and a beta of 0.20.

About Grit Real Estate Income Group

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.