Gfinity (LON:GFIN) Announces Earnings Results

Gfinity (LON:GFIN) posted its quarterly earnings results on Wednesday. The company reported GBX (7.70) (($0.10)) EPS for the quarter, Digital Look Earnings reports.

Gfinity Stock Down 15.2 %

LON:GFIN traded down GBX 0.01 ($0.00) during trading hours on Wednesday, reaching GBX 0.08 ($0.00). The company had a trading volume of 3,684,944 shares, compared to its average volume of 56,820,789. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 8.91. The firm has a market cap of £2.81 million, a price-to-earnings ratio of -0.29 and a beta of 0.40. The business’s 50-day simple moving average is GBX 0.08 and its two-hundred day simple moving average is GBX 0.05. Gfinity has a twelve month low of GBX 0.01 ($0.00) and a twelve month high of GBX 0.13 ($0.00).

Insider Activity

In other Gfinity news, insider David Halley acquired 24,000,000 shares of Gfinity stock in a transaction dated Friday, February 14th. The stock was purchased at an average cost of GBX 6 ($0.08) per share, for a total transaction of £1,440,000 ($1,872,074.88). Corporate insiders own 44.36% of the company’s stock.

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.