Embracer Group AB (publ) (LON:0GFE) Stock Falls 3.4% – Here’s What Happened

Embracer Group AB (publ) (LON:0GFE) was down 3.4% during mid-day trading on Thursday. The stock traded as low as GBX 82.48 and last traded at GBX 83.24. 62,869 shares traded hands during trading, an increase of 20% from the average session volume of 52,346 shares. The stock had previously closed at GBX 86.20.

Embracer Group AB (publ) Price Performance

The business’s 50 day moving average is GBX 73.95 and its 200-day moving average is GBX 64.89. The firm has a market capitalization of £73.16 million, a P/E ratio of -20.00 and a beta of 0.53. The company has a quick ratio of 1.07, a current ratio of 0.65 and a debt-to-equity ratio of 37.59.

Embracer Group AB (publ) Company Profile

Embracer Group AB (publ), together with its subsidiaries, develops and publishes PC, console, mobile, VR, and board games for the games market worldwide. The company also publishes films and comic books, as well as engages in the trading of card games. It distributes games through retailers, physical stores, and digital distributors. The company was formerly known as THQ Nordic AB (publ) and changed its name to Embracer Group AB (publ) in October 2019. Embracer Group AB (publ) was founded in 1990 and is headquartered in Karlstad, Sweden.