Generation Income Properties (NASDAQ:GIPR) Trading 1.1% Higher – Time to Buy?

Generation Income Properties, Inc. (NASDAQ:GIPR)’s stock price was up 1.1% during mid-day trading on Wednesday . The stock traded as high as $1.95 and last traded at $1.82. Approximately 94,101 shares changed hands during mid-day trading, an increase of 216% from the average daily volume of 29,762 shares. The stock had previously closed at $1.80.

Generation Income Properties Price Performance

The business has a fifty day moving average price of $1.87 and a 200 day moving average price of $2.43. The company has a debt-to-equity ratio of 9.72, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $9.87 million, a price-to-earnings ratio of -0.73 and a beta of -0.11.

Hedge Funds Weigh In On Generation Income Properties

A hedge fund recently bought a new stake in Generation Income Properties stock. Renaissance Technologies LLC purchased a new position in Generation Income Properties, Inc. (NASDAQ:GIPR) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 28,600 shares of the company’s stock, valued at approximately $117,000. Renaissance Technologies LLC owned 0.53% of Generation Income Properties at the end of the most recent quarter. 20.72% of the stock is owned by hedge funds and other institutional investors.

About Generation Income Properties

Generation Income Properties, Inc, located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.