Grit Real Estate Income Group (LON:GR1T) Reaches New 12-Month Low – What’s Next?

Grit Real Estate Income Group Limited (LON:GR1T) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 8.50 ($0.11) and last traded at GBX 8.50 ($0.11), with a volume of 123000 shares changing hands. The stock had previously closed at GBX 10 ($0.13).

Grit Real Estate Income Group Trading Down 15.0 %

The company has a debt-to-equity ratio of 212.34, a current ratio of 0.30 and a quick ratio of 0.24. The stock has a market cap of £51.79 million, a price-to-earnings ratio of -2.81 and a beta of 0.20. The company’s fifty day moving average price is GBX 10.34 and its 200-day moving average price is GBX 11.96.

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.