Ground Rents Income Fund (LON:GRIO) Sets New 52-Week Low – Time to Sell?

Ground Rents Income Fund PLC (LON:GRIO) hit a new 52-week low on Thursday . The stock traded as low as GBX 13.20 and last traded at GBX 17.48, with a volume of 9875 shares changing hands. The stock had previously closed at GBX 17.50.

Ground Rents Income Fund Trading Up 2.8%

The company has a market capitalization of £16.72 million, a price-to-earnings ratio of -3.88 and a beta of 0.38. The company has a debt-to-equity ratio of 15.64, a quick ratio of 1.07 and a current ratio of 0.81. The firm has a fifty day moving average price of GBX 17.20 and a 200-day moving average price of GBX 21.22.

About Ground Rents Income Fund

The Company has been established to provide secure long-term performance through investment in long dated UK ground rents, which have historically had little correlation to traditional property asset classes and have seen their value remain consistent regardless of the underlying state of the economy. The Company will give investors the opportunity to invest, through the Company, in a portfolio of ground rents. The Company will seek to acquire a portfolio of assets with the potential for income generation from the collection of ground rents.