Gfinity (LON:GFIN) Stock Price Down 13.3% – Here’s What Happened

Gfinity plc (LON:GFIN) dropped 13.3% during mid-day trading on Tuesday . The stock traded as low as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). Approximately 312,268,500 shares changed hands during mid-day 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 Performance

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 P/E 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.

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

Insider Buying and Selling

In other Gfinity news, insider David Halley bought 24,000,000 shares of the 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.