AssetCo (LON:ASTO) Shares Up 7% – What’s Next?

AssetCo plc (LON:ASTO)’s share price traded up 7% on Thursday . The stock traded as high as GBX 35 ($0.43) and last traded at GBX 35 ($0.43). 481,164 shares traded hands during 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 market capitalization of £49.86 million, a P/E ratio of -500.00 and a beta of 0.47. 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 business’s fifty day moving average price is GBX 30.06 and its 200-day moving average price is GBX 32.96.

About AssetCo

AssetCo is primarily involved in acquiring, managing and operating asset and wealth management activities and interests, together with other related services.

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.