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

GCP Asset Backed Income (LON:GABI) posted its quarterly earnings results on Tuesday. The company reported GBX (1.30) earnings per share 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 Price Performance

Shares of GABI traded down GBX 1.60 during midday trading on Friday, reaching GBX 58.90. 75,600 shares of the stock were exchanged, compared to its average volume of 171,468. GCP Asset Backed Income has a twelve month low of GBX 58.90 and a twelve month high of GBX 76.52. The company has a market capitalization of £62.64 million, a price-to-earnings ratio of -147.25 and a beta of 0.29. The business’s 50-day moving average price is GBX 61.72 and its 200 day moving average price is GBX 62.94.

About GCP Asset Backed Income

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.