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

Shares of Gfinity plc (LON:GFIN) dropped 11.1% 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 changed hands 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 Trading Down 12.0 %

The company has a market cap of £2.92 million, a price-to-earnings 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. The firm has a 50 day moving average price of GBX 0.08 and a two-hundred day moving average price of GBX 0.05.

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

Insider Activity at Gfinity

In other Gfinity news, insider David Halley acquired 24,000,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was bought at an average price of GBX 6 ($0.08) per share, with a total value of £1,440,000 ($1,873,292.57). 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.