Shares of AssetCo plc (LON:ASTO – Get Free Report) were up 7% during mid-day trading on Thursday . The company traded as high as GBX 35 ($0.43) and last traded at GBX 35 ($0.43). Approximately 481,164 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 367,716 shares. The stock had previously closed at GBX 32.70 ($0.41).
AssetCo Trading Up 7.0 %
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’s 50 day moving average price is GBX 30.06 and its 200 day moving average price is GBX 32.96. The stock has a market capitalization of £49.86 million, a P/E ratio of -500.00 and a beta of 0.47.
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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