AssetCo (LON:ASTO) Shares Down 1.5% – Here’s Why

AssetCo plc (LON:ASTO)’s stock price fell 1.5% on Thursday . The company traded as low as GBX 32.02 ($0.42) and last traded at GBX 32.50 ($0.42). 159,448 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 247,178 shares. The stock had previously closed at GBX 33 ($0.43).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of AssetCo from GBX 38 ($0.49) to GBX 40 ($0.52) and gave the company a “hold” rating in a report on Friday, July 5th.

AssetCo Stock Down 1.5 %

The company has a debt-to-equity ratio of 2.31, a quick ratio of 3.56 and a current ratio of 2.76. The company has a market cap of £46.30 million, a P/E ratio of -464.29 and a beta of 0.47. The stock has a 50 day moving average price of GBX 34.43 and a 200 day moving average price of GBX 34.61.

About AssetCo

AssetCo plc engages in acquiring, managing, and operating asset and wealth management activities and interests. It also offers investment management and advisory services, as well as is involved in the marketing of thematic exchange traded funds. The company was incorporated in 2003 and is headquartered in London, the United Kingdom.