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

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

AssetCo Stock Performance

The stock has a market capitalization of £52.92 million, a price-to-earnings ratio of -12.64 and a beta of 0.47. The company has a current ratio of 2.76, a quick ratio of 3.56 and a debt-to-equity ratio of 2.31. The firm has a 50-day moving average of GBX 34.13 and a 200-day moving average of GBX 32.49.

AssetCo (LON:ASTO) last announced 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 net margin of 37.31% and a negative return on equity of 9.57%. As a group, sell-side analysts predict that AssetCo plc will post 175.8480431 earnings per share for the current year.

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.