GSTechnologies (LON:GST) Shares Up 5.1% – Here’s What Happened

GSTechnologies Ltd. (LON:GST) was up 5.1% during mid-day trading on Friday . The company traded as high as GBX 1.70 ($0.02) and last traded at GBX 1.66 ($0.02). Approximately 14,964,938 shares changed hands during trading, an increase of 1% from the average daily volume of 14,760,346 shares. The stock had previously closed at GBX 1.58 ($0.02).

GSTechnologies Price Performance

The stock has a market capitalization of £35.46 million, a PE ratio of -3.35 and a beta of 0.70. The company’s 50 day simple moving average is GBX 1.08 and its 200 day simple moving average 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.

Insider Activity at GSTechnologies

In related news, insider Lord James Christopher Douglas Wellesley bought 335,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,228.20). 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.