Gfinity (LON:GFIN) Shares Down 9.7% – Should You Sell?

Gfinity plc (LON:GFIN)’s stock price dropped 9.7% on Wednesday . The stock traded as low as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). Approximately 11,573,694 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 27,429,480 shares. The stock had previously closed at GBX 0.07 ($0.00).

Gfinity Price Performance

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 stock has a market cap of £2.34 million, a price-to-earnings ratio of -0.29 and a beta of 0.40. The stock’s 50 day moving average price is GBX 0.05 and its two-hundred day moving average price is GBX 0.03.

Gfinity (LON:GFIN) last issued its quarterly earnings data on Monday, January 13th. The company reported GBX (0.02) ($0.00) earnings per share for the quarter. Equities research analysts forecast that Gfinity plc will post 20 EPS for the current fiscal year.

Gfinity Company Profile

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.