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

GCP Asset Backed Income (LON:GABIGet Free Report) released its quarterly earnings results on Tuesday. The company reported GBX (1.30) 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 Stock Performance

GCP Asset Backed Income stock traded down GBX 0.25 during trading on Tuesday, reaching GBX 60. The company had a trading volume of 57,149 shares, compared to its average volume of 173,493. GCP Asset Backed Income has a 1-year low of GBX 59 and a 1-year high of GBX 76.52. 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 simple moving average is GBX 62.11 and its 200 day simple moving average is GBX 63.10.

About GCP Asset Backed Income

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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.

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