Gfinity (LON:GFIN) Stock Price Up 20.8% – Still a Buy?

Gfinity plc (LON:GFIN) shares rose 20.8% during mid-day trading on Tuesday . The stock traded as high as GBX 0.09 ($0.00) and last traded at GBX 0.09 ($0.00). Approximately 42,239,793 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 53,737,641 shares. The stock had previously closed at GBX 0.07 ($0.00).

Gfinity Price Performance

The company has a 50 day moving average of GBX 0.07 and a 200-day moving average of GBX 0.06. The firm has a market capitalization of £3.13 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 released its quarterly earnings results on Wednesday, March 19th. The company reported GBX (7.70) (($0.10)) earnings per share (EPS) for the quarter. On average, sell-side analysts predict that Gfinity plc will post 20 EPS for the current year.

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.