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

GCP Asset Backed Income (LON:GABI) released its quarterly earnings data on Thursday. The company reported GBX (40) earnings per share for the quarter, Digital Look Earnings reports. GCP Asset Backed Income had a net margin of 103.90% and a negative return on equity of 5.48%. The company had revenue of GBX 109 million during the quarter.

GCP Asset Backed Income Stock Down 2.8%

Shares of GCP Asset Backed Income stock traded down GBX 1.80 on Thursday, hitting GBX 61.80. 245,985 shares of the company traded hands, compared to its average volume of 187,246. GCP Asset Backed Income has a 12-month low of GBX 61 and a 12-month high of GBX 76.52. The company has a market cap of £106.24 million, a PE ratio of -25.86 and a beta of 0.32. The company has a 50-day moving average price of GBX 66.40 and a 200 day moving average price of GBX 67.34.

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.