Elanor Retail Property Fund (ASX:ERF) Shares Down 1.6%

Elanor Retail Property Fund (ASX:ERF)’s share price dropped 1.6% during trading on Monday . The company traded as low as A$1.26 ($0.89) and last traded at A$1.26 ($0.89), approximately 8,000 shares traded hands during trading. The stock had previously closed at A$1.28 ($0.91).

The stock has a 50 day simple moving average of A$1.26 and a 200 day simple moving average of A$1.23. The company has a current ratio of 0.12, a quick ratio of 0.10 and a debt-to-equity ratio of 69.99. The stock has a market cap of $162.20 million and a P/E ratio of 8.13.

About Elanor Retail Property Fund (ASX:ERF)

Elanor Retail Property Fund is externally managed real estate investment fund investing in Australian retail property, focusing predominantly on quality, high yielding neighbourhood and sub-regional shopping centres. The strategy of Elanor Retail Property Fund is to acquire and unlock value in these assets to provide attractive cash flows and capital growth potential, to grow its investments under management through establishing new managed investment funds.

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