Gfinity (LON:GFIN) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Gfinity plc (LON:GFIN) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 0.04 and traded as low as GBX 0.03. Gfinity shares last traded at GBX 0.04, with a volume of 8,308,540 shares trading hands.

Gfinity Stock Up 6.1%

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 simple moving average of GBX 0.04 and a 200 day simple moving average of GBX 0.06. The stock has a market cap of £1.56 million, a PE ratio of -1.75 and a beta of 0.40.

Gfinity (LON:GFIN) last posted its quarterly earnings results on Thursday, December 18th. The company reported GBX (0.02) earnings per share for the quarter. On average, equities research analysts forecast that Gfinity plc will post 20 EPS for the current fiscal year.

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.