Shares of Ground Rents Income Fund PLC (LON:GRIO – Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 25.80 ($0.32) and traded as high as GBX 34 ($0.43). Ground Rents Income Fund shares last traded at GBX 34 ($0.43), with a volume of 10,000 shares.
Ground Rents Income Fund Trading Up 6.7 %
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 business’s 50-day simple moving average is GBX 25.80 and its two-hundred day simple moving average is GBX 25.47. The stock has a market capitalization of £33.48 million, a price-to-earnings ratio of -437.50 and a beta of 0.38.
Ground Rents Income Fund (LON:GRIO – Get Free Report) last issued its earnings results on Thursday, January 16th. The company reported GBX (31.10) (($0.39)) EPS for the quarter. Ground Rents Income Fund had a net margin of 57.80% and a return on equity of 3.68%.
About Ground Rents Income Fund
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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