Gfinity (LON:GFIN) Shares Up 7.5% – Still a Buy?

Gfinity plc (LON:GFIN)’s stock price traded up 7.5% during mid-day trading on Friday . The stock traded as high as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). 8,042,728 shares traded hands during trading, a decline of 90% from the average session volume of 77,161,969 shares. The stock had previously closed at GBX 0.09 ($0.00).

Gfinity Price Performance

The firm has a 50 day moving average of GBX 0.08 and a 200-day moving average of GBX 0.04. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 8.91. The company has a market cap of £3.46 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) earnings per share (EPS) for the quarter. On average, equities research analysts predict that Gfinity plc will post 20 EPS for the current year.

Insiders Place Their Bets

In other news, insider David Halley purchased 24,000,000 shares of the business’s stock in a transaction on Friday, February 14th. The stock was acquired at an average price of GBX 6 ($0.08) per share, for a total transaction of £1,440,000 ($1,824,632.54). Corporate 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.