Gfinity (LON:GFIN) Shares Up 18.2% – Still a Buy?

Gfinity plc (LON:GFIN) rose 18.2% during mid-day trading on Wednesday . The stock 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 mid-day 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 Price Performance

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 company has a market cap of £2.59 million, a price-to-earnings ratio of -0.29 and a beta of 0.40. The business has a 50-day moving average price of GBX 0.06 and a 200 day moving average price of GBX 0.03.

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

Gfinity Company Profile

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.