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GSTechnologies (LON:GST) Shares Down 8.1% - Here's Why

GSTechnologies logo with Computer and Technology background

GSTechnologies Ltd. (LON:GST - Get Free Report)'s stock price was down 8.1% during trading on Thursday . The stock traded as low as GBX 2.52 ($0.03) and last traded at GBX 2.57 ($0.03). Approximately 54,739,000 shares changed hands during mid-day trading, an increase of 243% from the average daily volume of 15,961,752 shares. The stock had previously closed at GBX 2.80 ($0.03).

GSTechnologies Stock Performance

The firm's fifty day moving average price is GBX 1.44 and its 200 day moving average price is GBX 0.96. The firm has a market cap of £57.13 million, a P/E ratio of -3.35 and a beta of 0.70. The company has a debt-to-equity ratio of 3.39, a quick ratio of 4.31 and a current ratio of 3.18.

Insider Activity at GSTechnologies

In other news, insider Lord James Christopher Douglas Wellesley bought 335,000 shares of GSTechnologies stock in a transaction on Thursday, October 31st. The stock was acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,146.55). 20.29% of the stock is currently owned by corporate insiders.

About GSTechnologies

(Get Free Report)

GSTechnologies Ltd., together with its subsidiaries, provides data infrastructure, storage, and technology services worldwide. It offers structured cabling, data centers infrastructure, wireless network solution, smart security, and project management services. In addition, the company engages in the blockchain business.

Further Reading

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