TechFinancials Inc (LON:TECH)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 3.30 ($0.04) and last traded at GBX 3.50 ($0.05), with a volume of 65000 shares trading hands. The stock had previously closed at GBX 3.75 ($0.05).

The stock has a 50 day simple moving average of GBX 4.02 and a 200-day simple moving average of GBX 4.55. The firm has a market capitalization of $3.00 million and a P/E ratio of -0.20. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 8.48.

About TechFinancials (LON:TECH)

TechFinancials, Inc, through its subsidiaries, develops and licenses financial trading platforms and blockchain-based digital assets solutions. The company operates through two segments, B2C Trading Platform and B2B Licence Income. It offers Forex and CFD online trading solutions, including the implementation of third-party professional Forex trading platform, MetaTrader 5; DragonFinancials, the B2C binary options trading platform; Ladder options comprising various strike prices with a range of payouts; and mobile trading solutions.

Further Reading: What does a hold rating mean?

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