Grit Real Estate Income Group (LON:GR1T) Stock Price Down 2.1% – Here’s Why

Shares of Grit Real Estate Income Group Limited (LON:GR1T) were down 2.1% on Thursday . The company traded as low as GBX 6.50 and last traded at GBX 6.51. Approximately 206,918 shares were traded during trading, a decline of 26% from the average daily volume of 279,426 shares. The stock had previously closed at GBX 6.65.

Grit Real Estate Income Group Trading Down 2.1%

The business has a 50 day simple moving average of GBX 6.33 and a 200 day simple moving average of GBX 6.18. 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 company has a market cap of £33.83 million, a price-to-earnings ratio of -0.51 and a beta of 0.20.

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.