GSTechnologies (LON:GST) Stock Price Up 7.6% – What’s Next?

GSTechnologies Ltd. (LON:GSTGet Free Report) traded up 7.6% on Friday . The company traded as high as GBX 1.75 ($0.02) and last traded at GBX 1.72 ($0.02). 14,523,258 shares were traded during mid-day trading, a decline of 6% from the average session volume of 15,383,438 shares. The stock had previously closed at GBX 1.60 ($0.02).

GSTechnologies Price Performance

The company has a quick ratio of 4.31, a current ratio of 3.18 and a debt-to-equity ratio of 3.39. The stock’s 50-day moving average price is GBX 1.16 and its 200-day moving average price is GBX 0.86. The company has a market capitalization of £34.48 million, a price-to-earnings ratio of -3.35 and a beta of 0.70.

Insiders Place Their Bets

In other news, insider Lord James Christopher Douglas Wellesley acquired 335,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,186.98). Company insiders own 20.29% of the company’s stock.

GSTechnologies Company Profile

(Get Free Report)

GSTechnologies Ltd., together with its subsidiaries, provides data infrastructure, storage, and technology services worldwide. It offers structured cabling, data centers infrastructure, wireless network solution, smart security, and project management services. In addition, the company engages in the blockchain business.

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