Gfinity (LON:GFIN) Shares Up 7.5% – Still a Buy?

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

Gfinity Stock Up 3.2 %

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 firm has a market cap of £3.46 million, a P/E ratio of -0.29 and a beta of 0.40. The company’s 50 day simple moving average is GBX 0.08 and its 200-day simple moving average is GBX 0.04.

Gfinity (LON:GFIN) last posted its earnings results on Monday, January 13th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. Research analysts forecast that Gfinity plc will post 20 earnings per share for the current fiscal year.

Insider Transactions at Gfinity

In other Gfinity news, insider David Halley acquired 24,000,000 shares of the stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of GBX 6 ($0.08) per share, for a total transaction of £1,440,000 ($1,824,632.54). Company insiders own 44.36% of the company’s stock.

About Gfinity

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.