Gfinity (LON:GFIN) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Gfinity plc (LON:GFIN) 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.

Gfinity Stock Down 1.1 %

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

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

Insider Buying and Selling

In other news, insider David Halley purchased 24,000,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of GBX 6 ($0.08) per share, for a total transaction of £1,440,000 ($1,810,865.19). 44.36% of the stock is owned by company insiders.

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.