Embracer Group AB (publ) (LON:0GFE) Trading Down 1.2% – Here’s Why

Shares of Embracer Group AB (publ) (LON:0GFE) dropped 1.2% during mid-day trading on Thursday . The stock traded as low as GBX 63.10 and last traded at GBX 63.28. Approximately 24,120 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 50,484 shares. The stock had previously closed at GBX 64.08.

Embracer Group AB (publ) Stock Down 1.2%

The business has a 50-day simple moving average of GBX 64.90 and a two-hundred day simple moving average of GBX 56.89. The company has a debt-to-equity ratio of 37.59, a quick ratio of 1.07 and a current ratio of 0.65. The company has a market capitalization of £55.78 million, a price-to-earnings ratio of -15.25 and a beta of 0.53.

About Embracer Group AB (publ)

Embracer Group AB (publ), together with its subsidiaries, develops and publishes PC, console, mobile, VR, and board games for the games market worldwide. The company also publishes films and comic books, as well as engages in the trading of card games. It distributes games through retailers, physical stores, and digital distributors. The company was formerly known as THQ Nordic AB (publ) and changed its name to Embracer Group AB (publ) in October 2019. Embracer Group AB (publ) was founded in 1990 and is headquartered in Karlstad, Sweden.