GSTechnologies (LON:GST) Shares Up 7.5% – Time to Buy?

GSTechnologies Ltd. (LON:GST)’s stock price rose 7.5% on Monday . The stock traded as high as GBX 2.40 ($0.03) and last traded at GBX 2.36 ($0.03). Approximately 39,568,145 shares changed hands during trading, an increase of 153% from the average daily volume of 15,664,443 shares. The stock had previously closed at GBX 2.20 ($0.03).

GSTechnologies Trading Up 9.8 %

The company has a market capitalization of £55.16 million, a price-to-earnings ratio of -3.35 and a beta of 0.70. The company has a debt-to-equity ratio of 3.39, a quick ratio of 4.31 and a current ratio of 3.18. The business’s 50-day simple moving average is GBX 1.40 and its 200-day simple moving average is GBX 0.94.

Insider Activity at GSTechnologies

In related news, insider Lord James Christopher Douglas Wellesley acquired 335,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £3,350 ($4,192.22). 20.29% of the stock is currently owned by company insiders.

GSTechnologies Company Profile

GSTechnologies Ltd., together with its subsidiaries, provides data infrastructure, storage, and technology services worldwide. It offers structured cabling, data centers infrastructure, wireless network solution, smart security, and project management services. In addition, the company engages in the blockchain business.