Grit Real Estate Income Group (LON:GR1T) Shares Down 2.9% – Here’s Why

Grit Real Estate Income Group Limited (LON:GR1T)’s share price dropped 2.9% during trading on Tuesday . The stock traded as low as GBX 6.80 ($0.09) and last traded at GBX 6.80 ($0.09). Approximately 14,647 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 187,716 shares. The stock had previously closed at GBX 7 ($0.09).

Grit Real Estate Income Group Trading Down 2.9%

The company has a quick ratio of 0.24, a current ratio of 0.30 and a debt-to-equity ratio of 212.34. The firm’s 50-day simple moving average is GBX 7.23 and its 200 day simple moving average is GBX 8.94. The stock has a market capitalization of £41.43 million, a P/E ratio of -2.24 and a beta of 0.20.

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.