Ground Rents Income Fund (LON:GRIO) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Ground Rents Income Fund PLC (LON:GRIO) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 29.98 ($0.38) and traded as high as GBX 31 ($0.40). Ground Rents Income Fund shares last traded at GBX 30.05 ($0.38), with a volume of 650,226 shares.

Ground Rents Income Fund Price Performance

The stock has a market cap of £27.92 million, a P/E ratio of -1.16 and a beta of 0.38. The stock’s 50 day simple moving average is GBX 29.98 and its two-hundred day simple moving average is GBX 25.99.

Ground Rents Income Fund (LON:GRIO) last issued its quarterly earnings data on Thursday, January 16th. The company reported GBX (31.10) (($0.40)) EPS for the quarter. Ground Rents Income Fund had a negative return on equity of 39.19% and a negative net margin of 413.74%.

Ground Rents Income Fund Company Profile

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.