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

Gfinity plc (LON:GFIN)’s stock price traded down 10.3% on Tuesday . The stock traded as low as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). 13,467,159 shares changed hands 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 Stock Performance

The firm’s 50 day moving average is GBX 0.08 and its 200-day moving average is GBX 0.05. The stock has a market capitalization of £2.34 million, a price-to-earnings ratio of -0.29 and a beta of 0.40. The company has a debt-to-equity ratio of 8.91, a quick ratio of 1.13 and a current ratio of 1.28.

Gfinity (LON:GFIN) last issued 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 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider David Halley purchased 24,000,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average price of GBX 6 ($0.08) per share, with a total value of £1,440,000 ($1,860,705.52). 44.36% of the stock is currently owned by insiders.

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.