Gfinity (LON:GFIN) Stock Crosses Above 50-Day Moving Average – What’s Next?

Gfinity plc (LON:GFIN)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 0.08 ($0.00) and traded as high as GBX 0.09 ($0.00). Gfinity shares last traded at GBX 0.09 ($0.00), with a volume of 7,655,438 shares traded.

Gfinity Price Performance

The stock has a market cap of £3.31 million, a P/E ratio of -0.29 and a beta of 0.40. The company has a debt-to-equity ratio of 8.91, a quick ratio of 1.13 and a current ratio of 1.28. The business has a 50 day simple moving average of GBX 0.08 and a 200-day simple moving average of GBX 0.04.

Gfinity (LON:GFIN) last released its quarterly earnings data on Monday, January 13th. The company reported GBX (0.02) ($0.00) earnings per share for the quarter. On average, sell-side analysts forecast that Gfinity plc will post 20 EPS for the current year.

Insider Activity at Gfinity

In other news, insider David Halley bought 24,000,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were acquired at an average price of GBX 6 ($0.08) per share, with a total value of £1,440,000 ($1,810,865.19). 44.36% of the stock is currently owned by corporate insiders.

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.