AssetCo (LON:ASTO) Announces Quarterly Earnings Results

AssetCo (LON:ASTO) announced its quarterly earnings results on Thursday. The company reported GBX (1.48) (($0.02)) EPS for the quarter, Digital Look Earnings reports. AssetCo had a negative net margin of 37.31% and a negative return on equity of 9.57%.

AssetCo Stock Performance

Shares of LON:ASTO traded down GBX 0.10 ($0.00) during midday trading on Thursday, reaching GBX 36.40 ($0.47). The company had a trading volume of 2,242,055 shares, compared to its average volume of 722,213. The stock has a market cap of £52.34 million, a P/E ratio of -12.50 and a beta of 0.47. The company’s 50 day moving average price is GBX 32.04 and its 200 day moving average price is GBX 32.37. The company has a current ratio of 2.76, a quick ratio of 3.56 and a debt-to-equity ratio of 2.31. AssetCo has a 52-week low of GBX 28 ($0.36) and a 52-week high of GBX 39 ($0.50).

About AssetCo

AssetCo is primarily involved in acquiring, managing and operating asset and wealth management activities and interests, together with other related services.

The strategy principally focuses on making strategic acquisitions and building organic activities in areas of the asset and wealth management sector where structural shifts have the potential to deliver exceptional growth opportunities.

This could include strategic acquisitions of undervalued asset and wealth management businesses which have core capabilities that play to these structural shifts, and where active management can unlock value.