AssetCo (LON:ASTO) Announces Quarterly Earnings Results

AssetCo (LON:ASTO) posted its earnings results 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 Stock Performance

AssetCo stock traded down GBX 0.10 ($0.00) during midday trading on Thursday, reaching GBX 36.40 ($0.47). 2,212,055 shares of the company traded hands, compared to its average volume of 721,561. AssetCo has a 12 month low of GBX 28 ($0.36) and a 12 month high of GBX 39 ($0.50). The company has a debt-to-equity ratio of 2.31, a current ratio of 2.76 and a quick ratio of 3.56. The business has a 50 day moving average of GBX 32.04 and a two-hundred day moving average of GBX 32.37. 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 Company Profile

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.