Gresham House Energy Storage (LON:GRID) Stock Price Up 1.1% - Here's What Happened

Gresham House Energy Storage (LON:GRID - Get Free Report)'s stock price traded up 1.1% during mid-day trading on Thursday . The stock traded as high as GBX 74.50 ($1.01) and last traded at GBX 73.80 ($1.00). 241,541 shares traded hands during trading, a decline of 80% from the average session volume of 1,221,859 shares. The stock had previously closed at GBX 73 ($0.99).

Gresham House Energy Storage Trading Down 0.7%

The firm's 50 day moving average is GBX 67.10 and its two-hundred day moving average is GBX 55.11. The stock has a market cap of £414.43 million, a price-to-earnings ratio of -2.11 and a beta of 0.26.

Gresham House Energy Storage (LON:GRID - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported GBX 0.39 ($0.01) earnings per share for the quarter. Gresham House Energy Storage had a net margin of 105.20% and a negative return on equity of 28.90%. As a group, equities analysts expect that Gresham House Energy Storage will post 9.5149254 EPS for the current fiscal year.

About Gresham House Energy Storage

Gresham House Energy Storage Fund plc (GRID or the Fund) seeks to capitalise on the growing intraday supply and demand imbalances caused by Great Britain's ever increasing reliance on renewable energy. The Fund aims to provide investors with an attractive and sustainable dividend by investing in a portfolio of utility-scale Battery Energy Storage Systems (BESS) located in Great Britain, which primarily use batteries to import and export power, accessing multiple revenue sources available in the power market. Gresham House Asset Management Limited (GHAM), is the investment Manager for Gresham House Energy Storage Fund plc.