GSTechnologies (LON:GST) Trading Down 3.7% – Time to Sell?

GSTechnologies Ltd. (LON:GST)’s stock price dropped 3.7% during trading on Thursday . The company traded as low as GBX 1.25 ($0.02) and last traded at GBX 1.30 ($0.02). Approximately 19,891,701 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 21,132,475 shares. The stock had previously closed at GBX 1.35 ($0.02).

GSTechnologies Stock Performance

The stock’s 50-day simple moving average is GBX 1.26 and its 200 day simple moving average is GBX 1.64. The company has a debt-to-equity ratio of 3.37, a quick ratio of 4.31 and a current ratio of 3.18. The company has a market capitalization of £33.61 million, a PE ratio of -24.28 and a beta of 0.70.

Insider Buying and Selling at GSTechnologies

In other news, insider Tone Kay Kim Goh acquired 100,000 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were bought at an average cost of GBX 1 ($0.01) per share, with a total value of £1,000 ($1,366.31). Also, insider Lord James Christopher Douglas Wellesley sold 2,000,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of GBX 1 ($0.01), for a total transaction of £20,000 ($27,326.14). In the last three months, insiders have bought 2,919,495 shares of company stock valued at $2,919,495. Insiders own 20.29% of the company’s stock.

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.