Gfinity (LON:GFIN) Trading Up 18.2% – Here’s Why

Shares of Gfinity plc (LON:GFIN) rose 18.2% on Wednesday . The company traded as high as GBX 0.07 ($0.00) and last traded at GBX 0.07 ($0.00). Approximately 5,562,754 shares were traded during trading, a decline of 77% from the average daily volume of 23,999,627 shares. The stock had previously closed at GBX 0.06 ($0.00).

Gfinity Stock Up 30.9 %

The firm has a 50-day moving average of GBX 0.06 and a two-hundred day moving average of GBX 0.03. The stock has a market capitalization of £2.59 million, a price-to-earnings ratio of -0.29 and a beta of 0.40. The company has a quick ratio of 1.13, a current ratio of 1.28 and a debt-to-equity ratio of 8.91.

Gfinity (LON:GFIN) last posted its quarterly earnings results on Monday, January 13th. The company reported GBX (0.02) ($0.00) earnings per share (EPS) for the quarter. As a group, sell-side analysts anticipate that Gfinity plc will post 20 earnings per share for the current year.

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.