GSTechnologies (LON:GST) Reaches New 52-Week High – Here’s What Happened

GSTechnologies Ltd. (LON:GST) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 1.65 ($0.02) and last traded at GBX 1.60 ($0.02), with a volume of 89040383 shares changing hands. The stock had previously closed at GBX 1.41 ($0.02).

GSTechnologies Stock Up 13.9 %

The company has a debt-to-equity ratio of 3.39, a current ratio of 3.18 and a quick ratio of 4.31. The stock has a market cap of £35.46 million, a price-to-earnings ratio of -3.35 and a beta of 0.70. The firm has a 50 day simple moving average of GBX 1.06 and a two-hundred day simple moving average of GBX 0.84.

Insider Activity at GSTechnologies

In related news, insider Lord James Christopher Douglas Wellesley acquired 335,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £3,350 ($4,228.20). 20.29% of the stock is currently owned by corporate insiders.

About GSTechnologies

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.