AlTi Global (NASDAQ:ALTI) Issues Quarterly Earnings Results

AlTi Global (NASDAQ:ALTI) issued its quarterly earnings results on Thursday. The basic materials company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.65), RTT News reports. AlTi Global had a negative net margin of 41.51% and a positive return on equity of 2.31%. The business had revenue of $53.33 million for the quarter, compared to analysts’ expectations of $74.60 million. During the same period last year, the business earned ($0.88) earnings per share.

AlTi Global Price Performance

Shares of NASDAQ:ALTI opened at $3.03 on Friday. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average price is $3.75 and its 200-day moving average price is $4.04. The stock has a market capitalization of $423.67 million, a PE ratio of -1.73 and a beta of 0.73. AlTi Global has a twelve month low of $3.02 and a twelve month high of $6.99.

About AlTi Global

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.