GSTechnologies (LON:GST) Stock Price Down 4.3% – What’s Next?

Shares of GSTechnologies Ltd. (LON:GST) dropped 4.3% during mid-day trading on Monday . The company traded as low as GBX 0.65 ($0.01) and last traded at GBX 0.67 ($0.01). Approximately 10,897,365 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 13,739,059 shares. The stock had previously closed at GBX 0.70 ($0.01).

GSTechnologies Stock Down 4.3 %

The company’s 50 day moving average price is GBX 0.66 and its two-hundred day moving average price is GBX 0.84. 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 stock has a market cap of £13.20 million, a P/E ratio of -3.35 and a beta of 0.70.

Insider Transactions at GSTechnologies

In related news, insider Lord James Christopher Douglas Wellesley acquired 1,500,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of GBX 1 ($0.01) per share, with a total value of £15,000 ($19,630.94). Corporate insiders own 20.29% of the company’s stock.

GSTechnologies Company Profile

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.