Generation Income Properties (NASDAQ:GIPR) Stock Price Up 1.1% – Still a Buy?

Generation Income Properties, Inc. (NASDAQ:GIPR)’s stock price traded up 1.1% during trading on Wednesday . The stock traded as high as $1.95 and last traded at $1.82. 94,101 shares were traded during mid-day trading, an increase of 216% from the average session volume of 29,762 shares. The stock had previously closed at $1.80.

Generation Income Properties Stock Performance

The stock has a market cap of $9.82 million, a P/E ratio of -0.72 and a beta of -0.11. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 9.72. The company’s 50-day simple moving average is $1.87 and its 200 day simple moving average is $2.43.

Institutional Investors Weigh In On Generation Income Properties

A hedge fund recently bought a new stake in Generation Income Properties stock. Renaissance Technologies LLC acquired a new position in shares of Generation Income Properties, Inc. (NASDAQ:GIPR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,600 shares of the company’s stock, valued at approximately $117,000. Renaissance Technologies LLC owned about 0.53% of Generation Income Properties as of its most recent filing with the Securities and Exchange Commission (SEC). 20.72% of the stock is currently owned by institutional investors.

About Generation Income Properties

Generation Income Properties, Inc, located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.