Grit Real Estate Income Group (LON:GR1T) Hits New 12-Month Low – Time to Sell?

Grit Real Estate Income Group Limited (LON:GR1T) shares reached a new 52-week low on Thursday . The company 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 5.6 %

The stock has a 50 day moving average price of GBX 9.58 and a 200 day moving average price of GBX 10.93. The company has a market capitalization of £48.86 million, a P/E ratio of -2.65 and a beta of 0.20. The company has a debt-to-equity ratio of 212.34, a quick ratio of 0.24 and a current ratio of 0.30.

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.