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

Gfinity plc (LON:GFIN)’s stock price fell 11.1% during mid-day trading on Tuesday . The company traded as low as GBX 0.08 ($0.00) and last traded at GBX 0.08 ($0.00). 2,900,016 shares were traded during trading, a decline of 95% from the average session volume of 57,799,883 shares. The stock had previously closed at GBX 0.09 ($0.00).

Gfinity Stock Performance

The company has a market cap of £2.92 million, a PE ratio of -0.29 and a beta of 0.40. 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 business has a fifty day moving average of GBX 0.08 and a 200-day moving average 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 (EPS) for the quarter. Equities research analysts anticipate that Gfinity plc will post 20 earnings per share for the current fiscal year.

Insider Activity at Gfinity

In other news, insider David Halley bought 24,000,000 shares of Gfinity stock in a transaction on Friday, February 14th. The shares were purchased at an average price of GBX 6 ($0.08) per share, for a total transaction of £1,440,000 ($1,873,292.57). 44.36% of the stock is owned by company 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.