GSTechnologies (LON:GST) Shares Down 8.9%

Shares of GSTechnologies Ltd. (LON:GST) traded down 8.9% during mid-day trading on Tuesday . The stock traded as low as GBX 0.55 ($0.01) and last traded at GBX 0.57 ($0.01). 10,119,797 shares traded hands during trading, a decline of 28% from the average session volume of 13,988,178 shares. The stock had previously closed at GBX 0.62 ($0.01).

GSTechnologies Price Performance

The company has a debt-to-equity ratio of 3.39, a current ratio of 3.18 and a quick ratio of 4.31. The firm has a market cap of £11.13 million, a price-to-earnings ratio of -3.35 and a beta of 0.69. The stock has a 50-day moving average price of GBX 0.68 and a 200 day moving average price of GBX 0.93.

Insiders Place Their Bets

In other news, insider Lord James Christopher Douglas Wellesley acquired 1,500,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was acquired at an average cost of GBX 1 ($0.01) per share, with a total value of £15,000 ($19,781.09). 28.00% of the stock is currently owned by corporate insiders.

About GSTechnologies

GSTechnologies Ltd., together with its subsidiaries, provides data infrastructure, storage, and technology services worldwide. It offers structured cabling, data centers infrastructure, wireless network solution, smart security, and project management services. In addition, the company engages in the blockchain business.