GSTechnologies (LON:GST) Stock Price Up 16.1% – Time to Buy?

Shares of GSTechnologies Ltd. (LON:GST) rose 16.1% on Tuesday . The company traded as high as GBX 1.60 ($0.02) and last traded at GBX 1.45 ($0.02). Approximately 44,669,344 shares changed hands during trading, an increase of 212% from the average daily volume of 14,301,126 shares. The stock had previously closed at GBX 1.25 ($0.02).

GSTechnologies Price Performance

The company has a debt-to-equity ratio of 3.39, a current ratio of 3.18 and a quick ratio of 4.31. The firm has a market cap of £30.26 million, a P/E ratio of -3.35 and a beta of 0.70. The stock’s 50-day simple moving average is GBX 0.84 and its two-hundred day simple moving average is GBX 0.78.

Insider Transactions at GSTechnologies

In related news, insider Lord James Christopher Douglas Wellesley purchased 335,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,246.42). Over the last ninety days, insiders have purchased 3,035,000 shares of company stock worth $3,035,000. Insiders own 20.29% of the company’s stock.

GSTechnologies Company Profile

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.