Gfinity (LON:GFIN) Releases Quarterly Earnings Results

Gfinity (LON:GFIN) released its quarterly earnings results on Wednesday. The company reported GBX (7.70) (($0.10)) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Gfinity Trading Down 15.2 %

Shares of GFIN stock traded down GBX 0.01 ($0.00) during trading hours on Wednesday, hitting GBX 0.08 ($0.00). 3,684,944 shares of the company’s stock traded hands, compared to its average volume of 56,820,789. The stock’s 50 day simple moving average is GBX 0.08 and its 200 day simple moving average is GBX 0.05. The stock has a market cap of £2.81 million, a PE ratio of -0.29 and a beta of 0.40. Gfinity has a 12 month low of GBX 0.01 ($0.00) and a 12 month high of GBX 0.13 ($0.00). The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 8.91.

Insider Activity

In other Gfinity news, insider David Halley purchased 24,000,000 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was purchased at an average price of GBX 6 ($0.08) per share, with a total value of £1,440,000 ($1,872,074.88). 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.