(VIANEWS) – The Market ended the session with ACANTHE DEV. (ACAN.PA) jumping 17.79% to €0.49 on Friday, after two sequential sessions in a row of gains. CAC 40 jumped 0.62% to €7,240.77, following the last session’s upward trend on what was a somewhat bullish trend trading session today.
ACANTHE DEV.’s last close was €0.42, 5.45% below its 52-week high of €0.44.
About ACANTHE DEV.
As of December 31, 2022, Acanthe Développement's real estate portfolio represents an area of 9,374 m². During the year, the group sold, for €9.2 million, lots held in a building located on the Left Bank in Paris. All of the Group's buildings have been subject to appraisals, mainly carried out by the firm VIF EXPERTISE on December 31, 2022. The overall appraised value of the property portfolio (investment properties and building occupied by the Group) amounts to €117.1 million, an increase, at constant scope, of €1.6 million (+1.4%) compared to 2021. This increase in value confirms the relevant investment policy of the Group in the Central Business District of Paris. The appraised value of the assets stands at €117.1 million.
Earnings Per Share
As for profitability, ACANTHE DEV. has a trailing twelve months EPS of €0.04.
PE Ratio
ACANTHE DEV. has a trailing twelve months price to earnings ratio of 12.25. Meaning, the purchaser of the share is investing €12.25 for every euro of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 6.2%.
Yearly Top and Bottom Value
ACANTHE DEV.’s stock is valued at €0.49 at 22:30 EST, way higher than its 52-week high of €0.44.
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