Gfinity (LON:GFIN) Shares Down 15% – Here’s What Happened

Gfinity plc (LON:GFINGet Free Report)’s share price dropped 15% during trading on Thursday . The company traded as low as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). Approximately 21,082,613 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 54,681,527 shares. The stock had previously closed at GBX 0.08 ($0.00).

Gfinity Stock Down 2.7%

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 business has a 50 day moving average price of GBX 0.07 and a 200 day moving average price of GBX 0.07. The firm has a market capitalization of £2.63 million, a P/E ratio of -0.29 and a beta of 0.40.

Gfinity (LON:GFINGet Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported GBX (7.70) (($0.10)) EPS for the quarter. On average, analysts predict that Gfinity plc will post 20 earnings per share for the current year.

Gfinity Company Profile

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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.

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