GSTechnologies (LON:GST) Trading 1.9% Higher – Time to Buy?

Shares of GSTechnologies Ltd. (LON:GSTGet Free Report) shot up 1.9% during mid-day trading on Tuesday . The stock traded as high as GBX 0.82 ($0.01) and last traded at GBX 0.80 ($0.01). 907,611 shares were traded during trading, a decline of 93% from the average session volume of 13,267,282 shares. The stock had previously closed at GBX 0.79 ($0.01).

GSTechnologies Stock Performance

The company has a quick ratio of 4.31, a current ratio of 3.18 and a debt-to-equity ratio of 3.39. The firm has a fifty day moving average of GBX 0.71 and a 200-day moving average of GBX 0.78. The stock has a market capitalization of £17.83 million, a price-to-earnings ratio of -3.35 and a beta of 0.70.

Insiders Place Their Bets

In related news, insider Lord James Christopher Douglas Wellesley purchased 1,200,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was bought at an average price of GBX 1 ($0.01) per share, with a total value of £12,000 ($15,562.18). 20.29% of the stock is currently owned by company insiders.

About GSTechnologies

(Get Free Report)

GSTechnologies Ltd., together with its subsidiaries, provides data infrastructure, storage, and technology services worldwide. It offers structured cabling, data centers infrastructure, wireless network solution, smart security, and project management services. In addition, the company engages in the blockchain business.

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