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

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

GCP Asset Backed Income Stock Performance

Shares of LON GABI opened at GBX 61.80 on Friday. The stock’s 50-day simple moving average is GBX 66.27 and its 200-day simple moving average is GBX 67.31. The firm has a market capitalization of £106.24 million, a PE ratio of -25.86 and a beta of 0.32. GCP Asset Backed Income has a fifty-two week low of GBX 61 and a fifty-two week high of GBX 76.52.

About GCP Asset Backed Income

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.