Embracer Group AB (publ) (LON:0GFE) Trading 2.3% Higher – Time to Buy?

Embracer Group AB (publ) (LON:0GFE)’s stock price was up 2.3% during mid-day trading on Thursday . The company traded as high as GBX 75.54 and last traded at GBX 75.32. 24,181 shares changed hands during trading, a decline of 52% from the average daily volume of 50,649 shares. The stock had previously closed at GBX 73.61.

Embracer Group AB (publ) Trading Up 2.3%

The company has a debt-to-equity ratio of 37.59, a quick ratio of 1.07 and a current ratio of 0.65. The stock has a market capitalization of £66.39 million, a P/E ratio of -18.15 and a beta of 0.53. The stock has a 50-day moving average price of GBX 68.58 and a two-hundred day moving average price of GBX 61.71.

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.