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

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

GCP Asset Backed Income Stock Performance

GABI traded down GBX 1.80 during midday trading on Thursday, reaching GBX 61.80. 245,985 shares of the company were exchanged, compared to its average volume of 187,246. The company’s fifty day moving average price is GBX 66.40 and its 200 day moving average price is GBX 67.34. GCP Asset Backed Income has a one year low of GBX 61 and a one year high of GBX 76.52. The company has a market cap of £106.24 million, a price-to-earnings ratio of -25.86 and a beta of 0.32.

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.