AlTi Global (NASDAQ:ALTI) Announces Earnings Results, Misses Expectations By $0.65 EPS

AlTi Global (NASDAQ:ALTI - Get Free Report) posted its earnings results on Thursday. The basic materials company reported ($0.63) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.65), RTT News reports. The company had revenue of $53.33 million for the quarter, compared to analysts' expectations of $74.60 million. AlTi Global had a positive return on equity of 2.31% and a negative net margin of 41.51%. During the same quarter in the prior year, the company earned ($0.88) EPS.

AlTi Global Stock Down 5.3 %

ALTI stock traded down $0.14 during trading on Monday, reaching $2.52. 272,815 shares of the company traded hands, compared to its average volume of 139,507. The business has a 50 day simple moving average of $3.72 and a 200 day simple moving average of $4.03. AlTi Global has a 12 month low of $2.35 and a 12 month high of $6.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.05 and a current ratio of 4.05. The company has a market capitalization of $352.36 million, a price-to-earnings ratio of -1.44 and a beta of 0.73.

About AlTi Global

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.