Gfinity (LON:GFIN) Shares Up 7.5% – Should You Buy?

Gfinity plc (LON:GFIN)’s share price shot up 7.5% during mid-day trading on Friday . The company traded as high as GBX 0.10 ($0.00) and last traded at GBX 0.10 ($0.00). 8,042,728 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 77,161,969 shares. The stock had previously closed at GBX 0.09 ($0.00).

Gfinity Stock Performance

The business’s 50-day moving average price is GBX 0.08 and its 200-day moving average price is GBX 0.04. The company has a current ratio of 1.28, a quick ratio of 1.13 and a debt-to-equity ratio of 8.91. The stock has a market cap of £3.46 million, a PE ratio of -0.29 and a beta of 0.40.

Gfinity (LON:GFIN) last issued its quarterly earnings results on Monday, January 13th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. As a group, equities research analysts expect that Gfinity plc will post 20 earnings per share for the current fiscal year.

Insider Transactions at Gfinity

In other news, insider David Halley bought 24,000,000 shares of Gfinity stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average price of GBX 6 ($0.08) per share, with a total value of £1,440,000 ($1,819,330.39). Corporate insiders own 44.36% of the company’s stock.

Gfinity Company Profile

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.