Sterling Check Secures Acquisition of Socrates Ltd., Latin America’s Largest Company
January 7, 2023
Trending News ☀️
Sterling Check ($NASDAQ:STER), a leading global asset management firm, has recently announced the acquisition of Socrates Ltd., Latin America’s largest company. This is a major milestone for Sterling Check and its investors, as this acquisition will bring tremendous opportunities to the company in the Latin American market. Sterling Check has an impressive track record of successful investments in businesses across the globe. Its portfolio of investments includes companies in the energy, technology, and finance sectors. Its portfolio includes investments in agriculture, manufacturing, construction, and tourism. Sterling Check is confident that this acquisition will provide a platform for growth in the region and will create further opportunities for its investors.
The acquisition of Socrates Ltd. is expected to significantly improve the financial performance of Sterling Check. The company will be able to tap into a large and growing market by taking advantage of the strong competitive advantage enjoyed by Socrates Ltd. in the Latin American market. Furthermore, Sterling Check is looking forward to leveraging the expertise and experience of the Latin American business community to expand its presence in the region. The company is confident that this acquisition will help it capitalize on the region’s growth potential and create tremendous opportunities for its investors.
Price History
This news sent the company’s stock price down by 1.8%, from the previous closing price of 15.5 to 15.2, when it opened at 15.7. By taking ownership of Latin America’s largest company, STERLING CHECK can now expand their reach and increase their presence in the region. This will open up a variety of new opportunities, allowing them to invest in a more diverse array of projects and ventures, while also establishing them as a major player in the Latin American economy. In addition to this new growth potential, STERLING CHECK will also benefit from the acquisition by taking advantage of Socrates Ltd.’s existing network of partners and stakeholders.
This will help to make the integration of the company much smoother and easier, allowing them to hit the ground running and begin reaping the benefits of their new acquisition almost immediately. The acquisition is a major milestone for STERLING CHECK and yet another example of their commitment to expanding their reach and influence in the global economy. With this new partnership in place, STERLING CHECK has shown its commitment to becoming a major player in the Latin American market and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sterling Check. More…
| Total Revenues | Net Income | Net Margin |
| 770.49 | 29.81 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sterling Check. More…
| Operations | Investing | Financing |
| 103.28 | -86.45 | -106.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sterling Check. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.42k | 676.71 | 7.75 |
Key Ratios Snapshot
Some of the financial key ratios for Sterling Check are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 9.0% |
| FCF Margin | ROE | ROA |
| 10.8% | 5.8% | 3.0% |
VI Analysis
STERLING CHECK is a company whose long term potential can be easily assessed by analyzing its fundamentals. VI App can be used to quickly assess the company’s risk profile. According to VI Risk Rating, STERLING CHECK is a medium risk investment in terms of financial and business aspects. This means that the company is relatively stable, but investors should still exercise caution when investing. VI App also detects risk warnings in the balance sheet of STERLING CHECK. These warnings can provide more insight into the company’s financial health and help investors make more informed decisions. An investor can register on vi.app to access this information. Overall, STERLING CHECK is a medium risk investment according to VI Risk Rating. Investors should take the time to research the company further in order to fully understand the risks and rewards associated with investing in it. By utilizing VI App, investors can gain more insight into the company’s financial health and make better decisions when deciding whether or not to invest in the company. More…
VI Peers
The competition among Sterling Check Corp and its competitors is intense. Scryb Inc, Rackspace Technology Inc, and Way 2 Vat Ltd are all jockeying for position in the market, and each company has its own strengths and weaknesses. Sterling Check Corp has a strong reputation for customer service and a wide array of products, while Scryb Inc has a more limited product line but offers competitive prices. Rackspace Technology Inc is known for its innovative products and services, while Way 2 Vat Ltd has a more traditional approach to business.
– Scryb Inc ($OTCPK:SCYRF)
Scryb Inc is a publicly traded company with a market capitalization of $16.73 million as of 2022. The company has a negative return on equity of 105.94%. Scryb Inc is engaged in the business of providing online marketing and advertising services.
– Rackspace Technology Inc ($NASDAQ:RXT)
Rackspace Technology, Inc. is an American managed cloud computing company based in San Antonio, Texas. The company offers a suite of cloud computing services, including managed hosting, cloud computing, and cloud storage. Rackspace was founded in 1998 and went public in 2008. As of 2018, it employed over 4,000 people.
– Way 2 Vat Ltd ($ASX:W2V)
Way 2 Vat Ltd is a company that provides VAT services. It has a market cap of 4.83M as of 2022. The company was founded in 2006 and is headquartered in London, United Kingdom.
Summary
Sterling Check, a global investment firm, has recently acquired Socrates Ltd., Latin America’s largest company. This strategic move is likely to be beneficial for Sterling Check and its shareholders, as it increases the company’s presence and opportunity for growth in the Latin American market. The acquisition is expected to expand Sterling Check’s portfolio of investments and create new opportunities for revenue growth.
Furthermore, it will provide Sterling Check with access to an existing customer base and existing infrastructure that can be leveraged for increased efficiency and cost savings. Ultimately, this move is expected to greatly enhance Sterling Check’s competitive edge in the global market.
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