Embracer Group AB (publ) (LON:0GFE) Shares Up 0.2% – Here’s Why

Shares of Embracer Group AB (publ) (LON:0GFE) were up 0.2% during mid-day trading on Friday. The company traded as high as GBX 92.94 and last traded at GBX 89.70. 8,285 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 49,388 shares. The stock had previously closed at GBX 89.56.

Embracer Group AB (publ) Trading Up 0.2%

The stock has a 50-day simple moving average of GBX 79.92 and a 200 day simple moving average of GBX 69.05. The company has a current ratio of 0.65, a quick ratio of 1.07 and a debt-to-equity ratio of 37.59. The company has a market cap of £79.07 million, a price-to-earnings ratio of -21.61 and a beta of 0.53.

About Embracer Group AB (publ)

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.