Gfinity (LON:GFIN) Stock Price Down 10.3% – Here’s What Happened

Gfinity plc (LON:GFIN)’s stock price was down 10.3% during mid-day trading on Tuesday . The stock traded as low as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). Approximately 13,467,159 shares traded hands during trading, a decline of 75% from the average daily volume of 53,436,383 shares. The stock had previously closed at GBX 0.08 ($0.00).

Gfinity Trading Down 5.7 %

The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 8.91. The firm has a market cap of £2.38 million, a PE ratio of -0.29 and a beta of 0.40. The business has a fifty day moving average price of GBX 0.08 and a 200 day moving average price of GBX 0.05.

Gfinity (LON:GFIN) last released its quarterly earnings data on Wednesday, March 19th. The company reported GBX (7.70) (($0.10)) earnings per share for the quarter. Analysts forecast that Gfinity plc will post 20 EPS for the current year.

Insider Activity

In related news, insider David Halley acquired 24,000,000 shares of Gfinity stock in a transaction on Friday, February 14th. The stock was purchased at an average cost of GBX 6 ($0.08) per share, with a total value of £1,440,000 ($1,853,997.68). Company insiders own 44.36% of the company’s stock.

About Gfinity

Gfinity (LON: GFIN) is a leading international esports business. Created by gamers for the world’s 2.2bn gamers, Gfinity has a unique understanding of this fast-growing global community.

It uses this expertise to provide both advisory services and to design, develop and deliver unparalleled experiences and winning strategies for game publishers, sports rights holders, commercial partners and media companies.

Gfinity connects its partners with the esports community in authentic and innovative ways.