AssetCo (LON:ASTO) Stock Price Up 0.8% – What’s Next?

AssetCo plc (LON:ASTO)’s share price was up 0.8% during trading on Thursday . The company traded as high as GBX 37 ($0.48) and last traded at GBX 36.80 ($0.48). Approximately 2,285,802 shares were traded during trading, an increase of 216% from the average daily volume of 723,164 shares. The stock had previously closed at GBX 36.50 ($0.47).

AssetCo Stock Performance

The company has a market cap of £52.92 million, a P/E ratio of -12.64 and a beta of 0.47. The company has a quick ratio of 3.56, a current ratio of 2.76 and a debt-to-equity ratio of 2.31. The business has a fifty day simple moving average of GBX 34.25 and a two-hundred day simple moving average of GBX 32.52.

AssetCo (LON:ASTO) last issued its quarterly earnings data on Thursday, March 6th. The company reported GBX (1.48) (($0.02)) earnings per share for the quarter. AssetCo had a negative return on equity of 9.57% and a negative net margin of 37.31%. On average, sell-side analysts anticipate that AssetCo plc will post 175.8480431 EPS for the current year.

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.