Develop North (LON:DVNO) Announces Earnings Results

Develop North (LON:DVNO) released its quarterly earnings data on Thursday. The company reported GBX (0.70) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Develop North had a return on equity of 2.11% and a net margin of 18.05%.

Develop North Stock Performance

Shares of LON:DVNO remained flat at GBX 75.25 on Thursday. 114 shares of the stock traded hands, compared to its average volume of 21,558. The company has a fifty day moving average of GBX 74 and a 200 day moving average of GBX 75.49. The company has a quick ratio of 6.87, a current ratio of 0.10 and a debt-to-equity ratio of 35.03. Develop North has a 52 week low of GBX 63 and a 52 week high of GBX 84. The company has a market cap of £19.58 million, a P/E ratio of 45.33 and a beta of 0.10.

Develop North Company Profile

Develop North PLC is an actively managed, closed-end real estate investment company listed on the Main Market of the London Stock Exchange. We provide investors with access to real estate investment opportunities in the North East of England, through a diversified strategy spanning real estate lending, commercial real estate and residential real estate.

The Company’s investment adviser is Newcastle upon Tyne based Tier One Capital Ltd, a wealth and fund management firm with deep local market access and a track record of bespoke lending to the North East property market.