Ground Rents Income Fund (LON:GRIO) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Ground Rents Income Fund PLC (LON:GRIOGet Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 26.56 ($0.36) and traded as high as GBX 26.85 ($0.36). Ground Rents Income Fund shares last traded at GBX 26.85 ($0.36), with a volume of 10,562 shares.

Ground Rents Income Fund Price Performance

The stock has a market capitalization of £24.95 million, a PE ratio of -1.04 and a beta of 0.38. The stock’s fifty day moving average is GBX 26.56 and its 200-day moving average is GBX 27.67.

Ground Rents Income Fund (LON:GRIOGet Free Report) last posted its quarterly earnings data on Friday, June 13th. The company reported GBX (6.30) (($0.08)) earnings per share (EPS) for the quarter. Ground Rents Income Fund had a negative net margin of 413.74% and a negative return on equity of 39.19%.

Ground Rents Income Fund Company Profile

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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.

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