AssetCo plc (LON:ASTO – Get Free Report) shares rose 7% during mid-day trading on Thursday . The company traded as high as GBX 35 ($0.43) and last traded at GBX 35 ($0.43). Approximately 481,164 shares changed hands during trading, an increase of 31% from the average daily volume of 367,716 shares. The stock had previously closed at GBX 32.70 ($0.41).
AssetCo Price Performance
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 company has a market capitalization of £49.86 million, a PE ratio of -500.00 and a beta of 0.47. The company’s 50-day simple moving average is GBX 30.12 and its 200-day simple moving average is GBX 32.96.
AssetCo Company Profile
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.
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