Grit Real Estate Income Group (LON:GR1T) Stock Price Down 4.4% – Should You Sell?

Grit Real Estate Income Group Limited (LON:GR1T)’s share price was down 4.4% during mid-day 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 were traded during 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 company has a debt-to-equity ratio of 152.89, a quick ratio of 0.24 and a current ratio of 0.28. The firm has a fifty day moving average price of GBX 13.46 and a 200 day moving average price of GBX 16.73. The company has a market cap of £58.27 million, a price-to-earnings ratio of -176.86 and a beta of 0.20.

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.