Gfinity (LON:GFIN) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Gfinity plc (LON:GFIN)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 0.07 ($0.00) and traded as low as GBX 0.07 ($0.00). Gfinity shares last traded at GBX 0.08 ($0.00), with a volume of 37,723,719 shares trading hands.

Gfinity Stock Performance

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 £2.52 million, a price-to-earnings ratio of -0.29 and a beta of 0.40. The company has a fifty day moving average price of GBX 0.07 and a two-hundred day moving average price of GBX 0.06.

Gfinity (LON:GFIN) last announced its earnings results on Wednesday, March 19th. The company reported GBX (7.70) (($0.10)) EPS for the quarter. As a group, equities research analysts expect that Gfinity plc will post 20 EPS for the current year.

Insider Activity

In related news, insider David Halley bought 24,000,000 shares of Gfinity stock in a transaction dated 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 ($1,910,321.04). 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.