GSTechnologies (LON:GST) Shares Down 8.8% – Here’s What Happened

GSTechnologies Ltd. (LON:GST) was down 8.8% during mid-day trading on Wednesday . The company traded as low as GBX 1.25 ($0.02) and last traded at GBX 1.26 ($0.02). Approximately 2,689,099 shares were traded during trading, a decline of 82% from the average daily volume of 14,591,961 shares. The stock had previously closed at GBX 1.38 ($0.02).

GSTechnologies Stock Performance

The firm has a market cap of £25.37 million, a price-to-earnings ratio of -3.35 and a beta of 0.70. 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 company has a 50 day moving average of GBX 0.92 and a 200 day moving average of GBX 0.80.

Insider Buying and Selling at GSTechnologies

In related news, insider Lord James Christopher Douglas Wellesley bought 335,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,211.19). 20.29% of the stock is currently owned by corporate insiders.

About GSTechnologies

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.