AssetCo (LON:ASTO) Announces Quarterly Earnings Results

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

AssetCo Price Performance

Shares of LON ASTO traded up GBX 0.30 ($0.00) during trading on Monday, reaching GBX 36.80 ($0.47). The company had a trading volume of 2,285,802 shares, compared to its average volume of 723,164. The company has a current ratio of 2.76, a quick ratio of 3.56 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of £52.92 million, a PE ratio of -12.64 and a beta of 0.47. AssetCo has a twelve month low of GBX 28 ($0.36) and a twelve month high of GBX 39 ($0.50). The stock has a 50-day moving average price of GBX 32.44 and a two-hundred day moving average price of GBX 32.32.

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.