Gfinity (LON:GFIN) Trading Down 9.7% – Here’s What Happened

Gfinity plc (LON:GFIN) traded down 9.7% during trading on Wednesday . The stock traded as low as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). 11,573,694 shares changed hands during trading, a decline of 58% from the average session volume of 27,429,480 shares. The stock had previously closed at GBX 0.07 ($0.00).

Gfinity Stock Performance

The stock has a market capitalization of £2.45 million, a P/E ratio of -0.29 and a beta of 0.40. The stock has a 50 day simple moving average of GBX 0.06 and a two-hundred day simple moving average of GBX 0.03. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 8.91.

Gfinity (LON:GFIN) last released its earnings results on Monday, January 13th. The company reported GBX (0.02) ($0.00) earnings per share for the quarter. On average, equities analysts forecast that Gfinity plc will post 20 EPS for the current fiscal year.

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.