GSTechnologies (LON:GST) Shares Up 7.6% – Time to Buy?

GSTechnologies Ltd. (LON:GSTGet Free Report)’s stock price shot up 7.6% on Friday . The stock traded as high as GBX 1.75 ($0.02) and last traded at GBX 1.72 ($0.02). 14,523,258 shares were traded during trading, a decline of 6% from the average session volume of 15,383,438 shares. The stock had previously closed at GBX 1.60 ($0.02).

GSTechnologies Stock Performance

The firm’s fifty day moving average price is GBX 1.19 and its 200-day moving average price is GBX 0.87. The company has a current ratio of 3.18, a quick ratio of 4.31 and a debt-to-equity ratio of 3.39. The firm has a market cap of £35.14 million, a price-to-earnings ratio of -3.35 and a beta of 0.70.

Insiders Place Their Bets

In other GSTechnologies news, insider Lord James Christopher Douglas Wellesley acquired 335,000 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were bought at an average cost of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,210.13). Corporate insiders own 20.29% of the company’s stock.

GSTechnologies Company Profile

(Get Free Report)

GSTechnologies Ltd., together with its subsidiaries, provides data infrastructure, storage, and technology services worldwide. It offers structured cabling, data centers infrastructure, wireless network solution, smart security, and project management services. In addition, the company engages in the blockchain business.

Further Reading

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