Ground Rents Income Fund (LON:GRIO) Reaches New 12-Month High – Should You Buy?

Ground Rents Income Fund PLC (LON:GRIO)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 35 ($0.44) and last traded at GBX 34.65 ($0.44), with a volume of 75700 shares trading hands. The stock had previously closed at GBX 34.50 ($0.44).

Ground Rents Income Fund Trading Up 0.4 %

The stock has a 50 day simple moving average of GBX 28.10 and a 200-day simple moving average of GBX 25.77. The firm has a market capitalization of £32.20 million, a P/E ratio of -1.34 and a beta of 0.38.

Ground Rents Income Fund (LON:GRIO) last announced its quarterly earnings data on Thursday, January 16th. The company reported GBX (31.10) (($0.39)) earnings per share (EPS) for the quarter. Ground Rents Income Fund had a negative net margin of 413.74% and a negative return on equity of 39.19%.

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.