AssetCo (LON:ASTO) Shares Up 0.8% – Still a Buy?

AssetCo plc (LON:ASTO)’s share price traded up 0.8% during trading on Thursday . The stock traded as high as GBX 37 ($0.48) and last traded at GBX 36.80 ($0.48). 2,285,802 shares changed hands during mid-day 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 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 50 day moving average price of GBX 34.25 and a two-hundred day moving average price of GBX 32.52. The stock has a market cap of £52.92 million, a P/E ratio of -12.64 and a beta of 0.47.

AssetCo (LON:ASTO) last posted its quarterly earnings results 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 forecast that AssetCo plc will post 175.8480431 earnings per share for the current fiscal 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.