Ground Rents Income Fund (LON:GRIO) Stock Passes Below 200 Day Moving Average – Here’s Why

Ground Rents Income Fund PLC (LON:GRIO)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 18.02 and traded as low as GBX 16.44. Ground Rents Income Fund shares last traded at GBX 16.44, with a volume of 91,992 shares traded.

Ground Rents Income Fund Price Performance

The company has a market capitalization of £15.73 million, a PE ratio of -0.79 and a beta of 0.76. The business’s 50 day simple moving average is GBX 17.15 and its 200 day simple moving average is GBX 18.02.

Ground Rents Income Fund (LON:GRIO) last posted its quarterly earnings results on Monday, June 29th. The company reported GBX (22.60) earnings per share for the quarter. Ground Rents Income Fund had a net margin of 1,164.41% and a negative return on equity of 47.94%.

About Ground Rents Income Fund

The Company has been established to provide secure long-term performance through investment in long dated UK ground rents, which have historically had little correlation to traditional property asset classes and have seen their value remain consistent regardless of the underlying state of the economy. The Company will give investors the opportunity to invest, through the Company, in a portfolio of ground rents. The Company will seek to acquire a portfolio of assets with the potential for income generation from the collection of ground rents.