Gfinity (LON:GFIN) Trading Down 10.3% – What’s Next?

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

Gfinity Trading Down 16.7 %

The stock’s fifty day simple moving average is GBX 0.08 and its 200-day simple moving average is GBX 0.05. The company has a debt-to-equity ratio of 8.91, a current ratio of 1.28 and a quick ratio of 1.13. The firm has a market cap of £2.34 million, a PE ratio of -0.29 and a beta of 0.40.

Gfinity (LON:GFIN) last released its earnings results on Wednesday, March 19th. The company reported GBX (7.70) (($0.10)) earnings per share (EPS) for the quarter. On average, sell-side analysts forecast that Gfinity plc will post 20 earnings per share for the current year.

Insider Transactions at Gfinity

In other Gfinity news, insider David Halley acquired 24,000,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were acquired at an average cost of GBX 6 ($0.08) per share, with a total value of £1,440,000 ($1,860,705.52). Company insiders own 44.36% of the company’s stock.

Gfinity Company Profile

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.