GSTechnologies (LON:GST) Shares Up 7.6% – What’s Next?

Shares of GSTechnologies Ltd. (LON:GST) were up 7.6% during trading on Friday . The company traded as high as GBX 1.75 ($0.02) and last traded at GBX 1.72 ($0.02). Approximately 14,523,258 shares were traded during trading, a decline of 6% from the average daily volume of 15,383,438 shares. The stock had previously closed at GBX 1.60 ($0.02).

GSTechnologies Stock Up 11.5 %

The company has a debt-to-equity ratio of 3.39, a current ratio of 3.18 and a quick ratio of 4.31. The company has a market capitalization of £35.14 million, a price-to-earnings ratio of -3.35 and a beta of 0.70. The firm’s 50-day simple moving average is GBX 1.19 and its two-hundred day simple moving average is GBX 0.87.

Insider Buying and Selling

In other GSTechnologies news, insider Lord James Christopher Douglas Wellesley acquired 335,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average cost of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,210.13). Insiders own 20.29% of the company’s stock.

GSTechnologies Company Profile

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.