Gfinity (LON:GFIN) Trading Down 13.3% – Should You Sell?

Gfinity plc (LON:GFIN) dropped 13.3% on Tuesday . The company traded as low as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). Approximately 312,268,500 shares were traded during trading, an increase of 278% from the average daily volume of 82,556,570 shares. The stock had previously closed at GBX 0.12 ($0.00).

Gfinity Stock Up 11.1 %

The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 8.91. The firm’s fifty day moving average price is GBX 0.07 and its 200-day moving average price is GBX 0.04. The company has a market cap of £3.60 million, a price-to-earnings ratio of -0.29 and a beta of 0.40.

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

Insider Buying and Selling

In other news, insider David Halley bought 24,000,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were acquired at an average price of GBX 6 ($0.08) per share, with a total value of £1,440,000 ($1,812,004.53). 44.36% of the stock is owned by company 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.