Grit Real Estate Income Group (LON:GR1T) Stock Price Down 4.4% - Here's Why

Grit Real Estate Income Group Limited (LON:GR1T - Get Free Report) dropped 4.4% during trading on Wednesday . The company traded as low as GBX 12.38 ($0.16) and last traded at GBX 12.38 ($0.16). Approximately 14,815 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 400,451 shares. The stock had previously closed at GBX 12.95 ($0.17).

Grit Real Estate Income Group Trading Down 4.4 %

The firm has a market cap of £58.25 million, a PE ratio of -176.77 and a beta of 0.20. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 152.89. The company has a 50-day simple moving average of GBX 13.39 and a 200 day simple moving average of GBX 16.70.

Grit Real Estate Income Group Company Profile

Grit Real Estate Income Group Limited is the leading Pan-African real estate company focused on investing in, developing and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). These high-quality assets are underpinned by predominantly US$ and Euro denominated long-term leases with a wide range of blue-chip multi-national tenant covenants across a diverse range of robust property sectors.