AssetCo (LON:ASTO) Stock Price Down 1.9% – Here’s What Happened

AssetCo plc (LON:ASTO)’s stock price fell 1.9% on Thursday . The company traded as low as GBX 31.25 ($0.39) and last traded at GBX 31.80 ($0.40). 979,971 shares traded hands during trading, an increase of 47% from the average session volume of 668,505 shares. The stock had previously closed at GBX 32.40 ($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 stock’s fifty day moving average price is GBX 31.24 and its 200-day moving average price is GBX 32.59. The firm has a market cap of £45.44 million, a PE ratio of -10.85 and a beta of 0.47.

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.