Gfinity (LON:GFIN) Shares Down 10.6% – Time to Sell?

Gfinity plc (LON:GFIN) dropped 10.6% during mid-day trading on Wednesday . The stock traded as low as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00). Approximately 69,004,789 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 71,739,094 shares. The stock had previously closed at GBX 0.12 ($0.00).

Gfinity Price Performance

The stock has a 50 day moving average of GBX 0.07 and a 200-day moving average of GBX 0.04. The company has a debt-to-equity ratio of 8.91, a quick ratio of 1.13 and a current ratio of 1.28. The company has a market cap of £3.89 million, a PE ratio of -0.29 and a beta of 0.40.

Gfinity (LON:GFIN) last issued its earnings results on Monday, January 13th. The company reported GBX (0.02) ($0.00) EPS for the quarter. Equities analysts predict that Gfinity plc will post 20 earnings per share for the current 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.