GCP Asset Backed Income (LON:GABI) Releases Earnings Results

GCP Asset Backed Income (LON:GABIGet Free Report) issued its earnings results on Tuesday. The company reported GBX (1.30) EPS for the quarter, Digital Look Earnings reports. GCP Asset Backed Income had a negative net margin of 132.45% and a negative return on equity of 0.57%.

GCP Asset Backed Income Trading Down 2.6%

LON GABI traded down GBX 1.60 on Friday, hitting GBX 58.90. 75,600 shares of the company’s stock traded hands, compared to its average volume of 171,468. The firm has a market capitalization of £62.64 million, a PE ratio of -147.25 and a beta of 0.29. GCP Asset Backed Income has a 1-year low of GBX 58.90 and a 1-year high of GBX 76.52. The firm’s 50-day moving average price is GBX 61.72 and its two-hundred day moving average price is GBX 62.94.

GCP Asset Backed Income Company Profile

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GCP Asset Backed Income Fund Limited (GCP Asset Backed) is a Jersey-incorporated, closed-ended investment company whose shares are traded on the main market of the London Stock Exchange.

Its objective is to provide shareholders with regular, growing distributions and modest capital appreciation over the long term through investment in a diversified portfolio of loans secured against assets across a range of sectors predominantly in the UK.

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