GFT Technologies (ETR:GFT) Trading Down 2.4% – Here’s Why

GFT Technologies SE (ETR:GFTGet Free Report) was down 2.4% on Wednesday . The stock traded as low as €22.80 ($23.27) and last traded at €22.80 ($23.27). Approximately 35,684 shares traded hands during trading, a decline of 73% from the average daily volume of 133,979 shares. The stock had previously closed at €23.35 ($23.83).

GFT Technologies Stock Down 2.2 %

The firm has a 50-day moving average price of €22.15 and a two-hundred day moving average price of €22.55. The firm has a market cap of $587.16 million, a price-to-earnings ratio of 12.05, a price-to-earnings-growth ratio of 2.05 and a beta of 1.67. The company has a debt-to-equity ratio of 83.32, a quick ratio of 1.32 and a current ratio of 1.09.

GFT Technologies Company Profile

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GFT Technologies SE, together with its subsidiaries, provides digital transformation services. The company operates in two segments in the Americas, the UK & APAC; and Continental Europe. It offers consulting on the development and implementation of IT strategies; development of bespoke IT solutions; implementation of sector-specific software; and maintenance and development of business-critical IT solutions.

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