Ground Rents Income Fund PLC (LON:GRIO – Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 35 ($0.44) and last traded at GBX 34.20 ($0.43), with a volume of 9829 shares trading hands. The stock had previously closed at GBX 34 ($0.42).
Ground Rents Income Fund Price Performance
The stock has a market capitalization of £32.72 million, a PE ratio of -427.50 and a beta of 0.38. The company has a debt-to-equity ratio of 23.04, a current ratio of 1.02 and a quick ratio of 1.07. The firm’s 50 day simple moving average is GBX 26.82 and its 200 day simple moving average is GBX 25.57.
Ground Rents Income Fund (LON:GRIO – Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The company reported GBX (31.10) (($0.39)) earnings per share for the quarter. Ground Rents Income Fund had a return on equity of 3.68% and a net margin of 57.80%.
Ground Rents Income Fund Company Profile
The Company has been established to provide secure long-term performance through investment in long dated UK ground rents, which have historically had little correlation to traditional property asset classes and have seen their value remain consistent regardless of the underlying state of the economy.
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