GCP Asset Backed Income (LON:GABI) Issues Earnings Results

GCP Asset Backed Income (LON:GABI) released its earnings results on Tuesday. The company reported GBX (1.30) earnings per share (EPS) for the quarter, Digital Look Earnings reports. GCP Asset Backed Income had a negative net margin of 132.45% and a negative return on equity of 0.57%.

GCP Asset Backed Income Trading Down 0.4%

LON GABI traded down GBX 0.25 on Tuesday, hitting GBX 60. 58,666 shares of the company’s stock traded hands, compared to its average volume of 173,502. The firm has a market capitalization of £63.81 million, a PE ratio of -150.00 and a beta of 0.29. The firm’s 50-day moving average price is GBX 62.11 and its two-hundred day moving average price is GBX 63.10. GCP Asset Backed Income has a 1-year low of GBX 59 and a 1-year high of GBX 76.52.

GCP Asset Backed Income Company Profile

GCP Asset Backed Income Fund Limited (GCP Asset Backed) is a Jersey-incorporated, closed-ended investment company whose shares are traded on the main market of the London Stock Exchange.

Its objective is to provide shareholders with regular, growing distributions and modest capital appreciation over the long term through investment in a diversified portfolio of loans secured against assets across a range of sectors predominantly in the UK.