GSTechnologies (LON:GST) Trading Down 9.2% – Should You Sell?

GSTechnologies Ltd. (LON:GST) shares dropped 9.2% during mid-day trading on Wednesday . The company traded as low as GBX 2.90 ($0.04) and last traded at GBX 3 ($0.04). Approximately 50,815,648 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 77,758,672 shares. The stock had previously closed at GBX 3.30 ($0.04).

GSTechnologies Price Performance

The firm has a market cap of £56.62 million, a PE ratio of -3.35 and a beta of 0.70. The company has a debt-to-equity ratio of 3.39, a current ratio of 3.18 and a quick ratio of 4.31. The firm has a 50-day simple moving average of GBX 1.63 and a 200 day simple moving average of GBX 1.02.

Insider Activity at GSTechnologies

In related news, insider Lord James Christopher Douglas Wellesley purchased 335,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were bought at an average price of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,179.14). 20.29% of the stock is currently owned by corporate insiders.

GSTechnologies Company Profile

GSTechnologies is a global technology company listed on the Main Market of the London Stock Exchange under the ticker, GST. The group operates three core businesses across blockchain payments and financial services, forex, as well as cryptoasset exchange. The group has operations in the UK, Lithuania, Singapore, and Australia.