Gfinity (LON:GFIN) Trading Down 11.1% – What’s Next?

Gfinity plc (LON:GFIN) shares dropped 11.1% during mid-day trading on Tuesday . The stock traded as low as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00). Approximately 2,900,016 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 57,799,883 shares. The stock had previously closed at GBX 0.09 ($0.00).

Gfinity Stock Down 11.1 %

The stock has a market capitalization of £2.88 million, a price-to-earnings ratio of -0.29 and a beta of 0.40. The firm’s fifty day moving average is GBX 0.08 and its 200-day moving average is GBX 0.05. The company has a debt-to-equity ratio of 8.91, a current ratio of 1.28 and a quick ratio of 1.13.

Gfinity (LON:GFIN) last posted its quarterly earnings results on Monday, January 13th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Gfinity plc will post 20 earnings per share for the current year.

Insiders Place Their Bets

In other Gfinity news, insider David Halley bought 24,000,000 shares of the company’s stock in a transaction on Friday, February 14th. The shares were bought at an average cost of GBX 6 ($0.08) per share, with a total value of £1,440,000 ($1,870,372.78). 44.36% of the stock is owned by corporate 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.