AssetCo (LON:ASTO) Shares Down 1.5% – What’s Next?

Shares of AssetCo plc (LON:ASTO) were down 1.5% during mid-day trading on Thursday . The stock traded as low as GBX 32.02 ($0.42) and last traded at GBX 32.50 ($0.42). Approximately 159,448 shares were traded during trading, a decline of 35% from the average daily volume of 247,178 shares. The stock had previously closed at GBX 33 ($0.43).

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on AssetCo from GBX 38 ($0.49) to GBX 40 ($0.52) and gave the stock a “hold” rating in a research note on Friday, July 5th.

AssetCo Stock Performance

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 stock has a fifty day moving average price of GBX 34.43 and a two-hundred day moving average price of GBX 34.61. The company has a market cap of £46.30 million, a P/E ratio of -464.29 and a beta of 0.47.

About AssetCo

AssetCo plc engages in acquiring, managing, and operating asset and wealth management activities and interests. It also offers investment management and advisory services, as well as is involved in the marketing of thematic exchange traded funds. The company was incorporated in 2003 and is headquartered in London, the United Kingdom.