Grit Real Estate Income Group (LON:GR1T) Stock Price Up 1.1% – Time to Buy?

Grit Real Estate Income Group Limited (LON:GR1T)’s stock price rose 1.1% during trading on Monday . The stock traded as high as GBX 10.62 ($0.13) and last traded at GBX 10.62 ($0.13). Approximately 98,000 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 500,782 shares. The stock had previously closed at GBX 10.50 ($0.13).

Grit Real Estate Income Group Stock Performance

The company has a debt-to-equity ratio of 152.89, a current ratio of 0.28 and a quick ratio of 0.24. The company has a market capitalization of £49.98 million, a PE ratio of -151.67 and a beta of 0.20. The firm’s fifty day simple moving average is GBX 10.52 and its 200 day simple moving average is GBX 12.62.

Grit Real Estate Income Group Company Profile

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.