Grit Real Estate Income Group (LON:GR1T) Reaches New 52-Week Low – Should You Sell?

Grit Real Estate Income Group Limited (LON:GR1T) reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 8 ($0.10) and last traded at GBX 8.02 ($0.10), with a volume of 305 shares changing hands. The stock had previously closed at GBX 8.50 ($0.11).

Grit Real Estate Income Group Stock Down 4.5 %

The company has a debt-to-equity ratio of 212.34, a current ratio of 0.30 and a quick ratio of 0.24. The firm’s 50 day moving average is GBX 9.43 and its two-hundred day moving average is GBX 10.85. The firm has a market capitalization of £49.47 million, a P/E ratio of -2.68 and a beta of 0.20.

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.