GFT Technologies (ETR:GFT) Shares Down 4.2% – Here’s What Happened

GFT Technologies SE (ETR:GFT – Get Free Report) traded down 4.2% on Wednesday. The company traded as low as €26.90 and last traded at €27.25. Approximately 75,350 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 133,979 shares. The stock had previously closed at €28.45.

GFT Technologies Price Performance

The company has a market capitalization of $751.73 million, a PE ratio of 19.41, a PEG ratio of 2.05 and a beta of 0.89. The firm has a fifty day moving average of €26.65 and a two-hundred day moving average of €21.61. The company has a current ratio of 1.12, a quick ratio of 1.32 and a debt-to-equity ratio of 51.84.

GFT Technologies Company Profile

(Get Free Report)

GFT Technologies SE, together with its subsidiaries, provides digital transformation services. The company operates in two segments in the Americas, the UK & APAC; and Continental Europe. It offers consulting on the development and implementation of IT strategies; development of bespoke IT solutions; implementation of sector-specific software; and maintenance and development of business-critical IT solutions. The company serves clients in investment and retail banking, insurance, and industrial sectors.

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