AssetCo (LON:ASTO) Issues Quarterly Earnings Results

AssetCo (LON:ASTO) announced its quarterly earnings data on Thursday. The company reported GBX (1.48) (($0.02)) earnings per share (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 Price Performance

LON:ASTO traded down GBX 0.10 ($0.00) during trading hours on Thursday, hitting GBX 36.40 ($0.47). The stock had a trading volume of 2,242,055 shares, compared to its average volume of 722,213. The firm has a market capitalization of £52.34 million, a price-to-earnings ratio of -12.50 and a beta of 0.47. AssetCo has a one year low of GBX 28 ($0.36) and a one year high of GBX 39 ($0.50). The company has a 50 day simple moving average of GBX 32.04 and a two-hundred day simple moving average of GBX 32.37. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.76 and a quick ratio of 3.56.

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.