Gfinity (LON:GFIN) Posts Quarterly Earnings Results

Gfinity (LON:GFIN) announced its quarterly earnings results on Wednesday. The company reported GBX (7.70) (($0.10)) earnings per share for the quarter, Digital Look Earnings reports.

Gfinity Stock Performance

LON:GFIN remained flat at GBX 0.08 ($0.00) during trading hours on Friday. 17,282,617 shares of the company’s stock were exchanged, compared to its average volume of 55,156,766. The company has a debt-to-equity ratio of 8.91, a quick ratio of 1.13 and a current ratio of 1.28. The stock has a market cap of £2.88 million, a price-to-earnings ratio of -0.29 and a beta of 0.40. The company’s 50 day simple moving average is GBX 0.08 and its 200 day simple moving average is GBX 0.05. Gfinity has a fifty-two week low of GBX 0.01 ($0.00) and a fifty-two week high of GBX 0.13 ($0.00).

Insiders Place Their Bets

In other Gfinity news, insider David Halley purchased 24,000,000 shares of the stock in a transaction dated Friday, February 14th. The stock was purchased at an average price of GBX 6 ($0.08) per share, with a total value of £1,440,000 ($1,867,219.92). Insiders own 44.36% of the company’s stock.

About Gfinity

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.