GSTechnologies (LON:GST) Stock Price Down 9.2% – Time to Sell?

GSTechnologies Ltd. (LON:GST) shares fell 9.2% during mid-day trading on Wednesday . The company traded as low as GBX 2.90 ($0.04) and last traded at GBX 3 ($0.04). 50,815,648 shares traded hands during trading, a decline of 35% from the average session volume of 77,758,672 shares. The stock had previously closed at GBX 3.30 ($0.04).

GSTechnologies Stock Performance

The firm’s 50-day moving average price is GBX 1.72 and its 200-day moving average price is GBX 1.05. 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 stock has a market cap of £58.80 million, a P/E ratio of -3.35 and a beta of 0.70.

Insider Activity at GSTechnologies

In other news, insider Lord James Christopher Douglas Wellesley purchased 335,000 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average cost of GBX 1 ($0.01) per share, with a total value of £3,350 ($4,122.06). 20.29% of the stock is currently owned by corporate insiders.

GSTechnologies Company Profile

GSTechnologies is a global technology company listed on the Main Market of the London Stock Exchange under the ticker, GST. The group operates three core businesses across blockchain payments and financial services, forex, as well as cryptoasset exchange. The group has operations in the UK, Lithuania, Singapore, and Australia.