Grit Real Estate Income Group (LON:GR1T) Reaches New 52-Week Low – Here’s Why

Grit Real Estate Income Group Limited (LON:GR1T)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 8 ($0.10) and last traded at GBX 8.02 ($0.10), with a volume of 1035 shares. The stock had previously closed at GBX 8.50 ($0.11).

Grit Real Estate Income Group Stock Performance

The company has a market capitalization of £49.96 million, a price-to-earnings ratio of -2.71 and a beta of 0.20. The company has a current ratio of 0.30, a quick ratio of 0.24 and a debt-to-equity ratio of 212.34. The stock’s fifty day simple moving average is GBX 9.71 and its 200-day simple moving average is GBX 11.10.

About Grit Real Estate Income Group

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.