Grit Real Estate Income Group (LON:GR1T) Sets New 52-Week Low – Here’s Why

Grit Real Estate Income Group Limited (LON:GR1T)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 11 ($0.14) and last traded at GBX 11.26 ($0.15), with a volume of 12230 shares changing hands. The stock had previously closed at GBX 12.25 ($0.16).

Grit Real Estate Income Group Stock Down 4.1 %

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 stock has a market cap of £55.31 million, a price-to-earnings ratio of -167.86 and a beta of 0.20. The firm’s 50-day moving average is GBX 13.11 and its 200 day moving average is GBX 16.42.

About Grit Real Estate Income Group

Grit Real Estate Income Group Limited is the leading Pan-African real estate company focused on investing in, developing and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors.