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

GCP Asset Backed Income (LON:GABIGet Free Report) posted its quarterly earnings data 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 Stock Performance

Shares of LON GABI traded down GBX 1.50 during midday trading on Thursday, reaching GBX 59.30. The company’s stock had a trading volume of 26,751 shares, compared to its average volume of 171,923. The company has a market cap of £63.06 million, a P/E ratio of -148.25 and a beta of 0.29. The business’s 50 day moving average price is GBX 61.89 and its two-hundred day moving average price is GBX 63.01. GCP Asset Backed Income has a fifty-two week low of GBX 59 and a fifty-two week high of GBX 76.52.

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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