Generation Income Properties (NASDAQ:GIPR) Trading Up 1.1% – What’s Next?

Generation Income Properties, Inc. (NASDAQ:GIPR)’s share price traded up 1.1% during mid-day trading on Wednesday . The company traded as high as $1.95 and last traded at $1.82. 94,101 shares changed hands during mid-day trading, an increase of 216% from the average session volume of 29,762 shares. The stock had previously closed at $1.80.

Generation Income Properties Stock Performance

The stock’s 50-day moving average price is $1.87 and its 200-day moving average price is $2.43. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 9.72. The company has a market capitalization of $9.87 million, a P/E ratio of -0.73 and a beta of -0.11.

Hedge Funds Weigh In On Generation Income Properties

An institutional investor recently bought a new position in Generation Income Properties stock. Renaissance Technologies LLC acquired a new stake in shares of Generation Income Properties, Inc. (NASDAQ:GIPR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,600 shares of the company’s stock, valued at approximately $117,000. Renaissance Technologies LLC owned 0.53% of Generation Income Properties at the end of the most recent reporting period. 20.72% of the stock is owned by institutional investors and hedge funds.

Generation Income Properties Company Profile

Generation Income Properties, Inc, located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.