AssetCo (LON:ASTO) Announces Earnings Results

AssetCo (LON:ASTO) announced its quarterly earnings data on Thursday. The company reported GBX (1.48) (($0.02)) earnings per share 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 Stock Up 0.8 %

AssetCo stock opened at GBX 36.80 ($0.47) on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 3.56 and a current ratio of 2.76. The firm has a market capitalization of £52.92 million, a price-to-earnings ratio of -12.64 and a beta of 0.47. AssetCo has a fifty-two week low of GBX 28 ($0.36) and a fifty-two week high of GBX 39 ($0.50). The stock’s fifty day moving average is GBX 32.04 and its two-hundred day moving average is GBX 32.37.

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.