Ground Rents Income Fund (LON:GRIO) Sets New 12-Month High – Time to Buy?

Shares of Ground Rents Income Fund PLC (LON:GRIO) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 35 ($0.43) and last traded at GBX 33.50 ($0.42), with a volume of 432307 shares trading hands. The stock had previously closed at GBX 32.80 ($0.41).

Ground Rents Income Fund Price Performance

The company has a quick ratio of 1.07, a current ratio of 1.02 and a debt-to-equity ratio of 23.04. The stock has a market cap of £32.62 million, a P/E ratio of -426.25 and a beta of 0.38. The company’s 50 day moving average price is GBX 26.29 and its 200-day moving average price is GBX 25.53.

Ground Rents Income Fund (LON:GRIO) last issued its quarterly earnings results on Thursday, January 16th. The company reported GBX (31.10) (($0.39)) earnings per share for the quarter. Ground Rents Income Fund had a net margin of 57.80% and a return on equity of 3.68%.

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.