Gfinity (LON:GFIN) Trading Down 8.3% – Should You Sell?

Gfinity plc (LON:GFIN)’s stock price traded down 8.3% during trading on Wednesday . The company traded as low as GBX 0.05 ($0.00) and last traded at GBX 0.06 ($0.00). 36,580,898 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 47,509,137 shares. The stock had previously closed at GBX 0.06 ($0.00).

Gfinity Price Performance

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 stock has a fifty day simple moving average of GBX 0.08 and a two-hundred day simple moving average of GBX 0.05. The company has a market cap of £2.02 million, a PE ratio of -0.29 and a beta of 0.40.

Gfinity (LON:GFIN) last released its quarterly earnings results on Wednesday, March 19th. The company reported GBX (7.70) (($0.10)) earnings per share for the quarter. On average, equities analysts predict that Gfinity plc will post 20 EPS for the current fiscal year.

Insider Buying and Selling at Gfinity

In related news, insider David Halley bought 24,000,000 shares of Gfinity stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average price of GBX 6 ($0.08) per share, with a total value of £1,440,000 ($1,884,816.75). 44.36% of the stock is owned by corporate insiders.

Gfinity Company Profile

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.