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

GCP Asset Backed Income (LON:GABI) 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 return on equity of 0.57% and a negative net margin of 132.45%.

GCP Asset Backed Income Stock Down 1.3%

LON GABI traded down GBX 0.80 during trading hours on Wednesday, hitting GBX 59.20. 81,078 shares of the stock were exchanged, compared to its average volume of 172,982. The stock has a 50-day moving average of GBX 61.99 and a 200 day moving average of GBX 63.05. GCP Asset Backed Income has a 12-month low of GBX 59 and a 12-month high of GBX 76.52. The company has a market cap of £62.96 million, a price-to-earnings ratio of -148.00 and a beta of 0.29.

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.