Gfinity (LON:GFIN) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Gfinity plc (LON:GFIN) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 0.08 ($0.00) and traded as high as GBX 0.09 ($0.00). Gfinity shares last traded at GBX 0.09 ($0.00), with a volume of 7,655,438 shares changing hands.

Gfinity Price Performance

The company has a 50 day moving average of GBX 0.08 and a 200-day moving average of GBX 0.04. The firm has a market capitalization of £3.31 million, a P/E ratio of -0.29 and a beta of 0.40. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 8.91.

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

Insider Activity

In related news, insider David Halley bought 24,000,000 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was purchased at an average cost of GBX 6 ($0.08) per share, for a total transaction of £1,440,000 ($1,811,092.94). 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.