Grit Real Estate Income Group (LON:GR1T) Sets New 12-Month Low – Here’s What Happened

Grit Real Estate Income Group Limited (LON:GR1T)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 8 ($0.10) and last traded at GBX 8.02 ($0.10), with a volume of 1035 shares changing hands. The stock had previously closed at GBX 8.50 ($0.11).

Grit Real Estate Income Group Stock Performance

The stock has a 50-day moving average of GBX 9.79 and a 200 day moving average of GBX 11.15. The stock has a market cap of £48.86 million, a PE ratio of -2.65 and a beta of 0.20. The company has a quick ratio of 0.24, a current ratio of 0.30 and a debt-to-equity ratio of 212.34.

Grit Real Estate Income Group Company Profile

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.