Gfinity (LON:GFIN) Releases Quarterly Earnings Results

Gfinity (LON:GFIN) announced 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 Price Performance

Shares of LON:GFIN traded down GBX 0.02 ($0.00) during trading on Wednesday, hitting GBX 0.08 ($0.00). 4,341,170 shares of the company were exchanged, compared to its average volume of 56,834,184. The business’s 50 day moving average is GBX 0.08 and its 200-day moving average is GBX 0.05. The company has a market capitalization of £2.77 million, a P/E ratio of -0.29 and a beta of 0.40. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 8.91. Gfinity has a 1-year low of GBX 0.01 ($0.00) and a 1-year high of GBX 0.13 ($0.00).

Insider Activity at Gfinity

In related news, insider David Halley bought 24,000,000 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was acquired at an average cost of GBX 6 ($0.08) per share, with a total value of £1,440,000 ($1,872,074.88). 44.36% of the stock is currently owned by company insiders.

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.