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GFT Technologies (ETR:GFT) Shares Down 2.2% - Here's What Happened

GFT Technologies logo with Computer and Technology background

GFT Technologies SE (ETR:GFT - Get Free Report)'s share price was down 2.2% on Friday . The company traded as low as €19.96 ($21.70) and last traded at €20.25 ($22.01). Approximately 58,780 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 133,979 shares. The stock had previously closed at €20.70 ($22.50).

GFT Technologies Price Performance

The company has a current ratio of 1.09, a quick ratio of 1.32 and a debt-to-equity ratio of 83.32. The stock has a market cap of $531.87 million, a price-to-earnings ratio of 10.92, a PEG ratio of 2.05 and a beta of 1.67. The stock has a 50-day moving average price of €21.89 and a two-hundred day moving average price of €24.33.

GFT Technologies Company Profile

(Get Free Report)

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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