Grit Real Estate Income Group (LON:GR1T) Stock Price Down 6.9% – Should You Sell?

Grit Real Estate Income Group Limited (LON:GR1T)’s stock price fell 6.9% during mid-day trading on Thursday . The company traded as low as GBX 6.52 ($0.09) and last traded at GBX 6.52 ($0.09). 49,683 shares changed hands during trading, a decline of 86% from the average session volume of 355,238 shares. The stock had previously closed at GBX 7 ($0.09).

Grit Real Estate Income Group Trading Down 6.9%

The business has a fifty day moving average of GBX 6.98 and a 200-day moving average of GBX 8.29. The stock has a market capitalization of £39.72 million, a price-to-earnings ratio of -2.15 and a beta of 0.20. The company has a debt-to-equity ratio of 212.34, a current ratio of 0.30 and a quick ratio of 0.24.

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.