Gfinity (LON:GFIN) Stock Price Down 10.6% – Should You Sell?

Gfinity plc (LON:GFIN) shares dropped 10.6% during trading on Wednesday . The company traded as low as GBX 0.11 ($0.00) and last traded at GBX 0.11 ($0.00). Approximately 69,004,789 shares were traded during trading, a decline of 4% from the average daily volume of 71,739,094 shares. The stock had previously closed at GBX 0.12 ($0.00).

Gfinity Stock Down 4.5 %

The firm’s 50-day simple moving average is GBX 0.07 and its 200 day simple moving average is GBX 0.04. 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 company has a market cap of £3.78 million, a P/E ratio of -0.29 and a beta of 0.40.

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

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.