Shares of AssetCo plc (LON:ASTO – Get Free Report) dropped 1.9% during trading on Thursday . The stock traded as low as GBX 31.25 ($0.39) and last traded at GBX 31.80 ($0.40). Approximately 979,971 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 668,505 shares. The stock had previously closed at GBX 32.40 ($0.41).
AssetCo Stock Down 0.6 %
The company has a debt-to-equity ratio of 2.31, a current ratio of 2.76 and a quick ratio of 3.56. The firm has a market capitalization of £45.44 million, a price-to-earnings ratio of -10.85 and a beta of 0.47. The firm’s 50-day moving average price is GBX 31.24 and its 200 day moving average price is GBX 32.59.
About AssetCo
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.
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