GYG (LON:GYG) Stock Price Up 20% – Should You Buy?

GYG plc (LON:GYG) shares shot up 20% on Thursday . The stock traded as high as GBX 30.30 ($0.38) and last traded at GBX 30 ($0.38). 109,629 shares changed hands during trading, a decline of 56% from the average session volume of 248,768 shares. The stock had previously closed at GBX 25 ($0.32).

GYG Price Performance

The firm has a market cap of £13.98 million and a P/E ratio of -2.42. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 284.16. The business’s 50 day moving average is GBX 30 and its two-hundred day moving average is GBX 30.

GYG Company Profile

GYG plc operates as a superyacht painting, supply, and maintenance company worldwide. It operates through two segments, Coatings and Supply. The company offers painting and other finishing services to yachts and superyachts. It is also involved in fairing and painting of superyachts; repainting and finishing of superyachts as part of a refitting program; and selling and delivering maintenance materials, consumables, spare parts, and equipment for the care and operation of superyachts.