Gfinity (LON:GFIN) Shares Down 16.3% – What’s Next?

Gfinity plc (LON:GFIN) shares dropped 16.3% during trading on Friday . The company traded as low as GBX 0.04 ($0.00) and last traded at GBX 0.04 ($0.00). Approximately 19,500,572 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 24,393,539 shares. The stock had previously closed at GBX 0.04 ($0.00).

Gfinity Stock Performance

The company’s fifty day simple moving average is GBX 0.02 and its two-hundred day simple moving average is GBX 0.02. The company has a debt-to-equity ratio of 8.91, a quick ratio of 1.13 and a current ratio of 1.28. The stock has a market capitalization of £1.33 million, a P/E ratio of -0.29 and a beta of 0.40.

About Gfinity

Gfinity plc, together with its subsidiaries, designs, develops, and delivers esports solutions to publishers, sports rights holders, commercial partners, and media companies in the United Kingdom, North America, and internationally. The company provides Commune.ly, a community intelligence platform that allows brands to harness the power of user-generated content & online communities; Athlos, a competitive gaming platform embedded within apps and community websites; and Manifold, a technology platform used to power the next generation of digital publishing.