Shares of AssetCo plc (LON:ASTO – Get Free Report) shot up 7% on Thursday . The company traded as high as GBX 35 ($0.43) and last traded at GBX 35 ($0.43). 481,164 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 367,716 shares. The stock had previously closed at GBX 32.70 ($0.41).
AssetCo Price Performance
The company has a current ratio of 2.76, a quick ratio of 3.56 and a debt-to-equity ratio of 2.31. The firm has a 50 day moving average price of GBX 30.12 and a 200-day moving average price of GBX 32.96. The firm has a market cap of £49.86 million, a price-to-earnings ratio of -500.00 and a beta of 0.47.
AssetCo Company Profile
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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