GSTechnologies (LON:GST) Shares Up 7.5% – Here’s Why

GSTechnologies Ltd. (LON:GST)’s share price traded up 7.5% during mid-day trading on Monday . The stock traded as high as GBX 2.40 ($0.03) and last traded at GBX 2.36 ($0.03). 39,568,145 shares changed hands during trading, an increase of 153% from the average session volume of 15,664,443 shares. The stock had previously closed at GBX 2.20 ($0.03).

GSTechnologies Stock Up 10.3 %

The stock’s 50-day moving average price is GBX 1.32 and its 200-day moving average price is GBX 0.92. The company has a current ratio of 3.18, a quick ratio of 4.31 and a debt-to-equity ratio of 3.39. The stock has a market cap of £47.81 million, a price-to-earnings ratio of -3.35 and a beta of 0.70.

Insider Buying and Selling

In other GSTechnologies news, insider Lord James Christopher Douglas Wellesley purchased 335,000 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were purchased at an average cost of GBX 1 ($0.01) per share, with a total value of £3,350 ($4,214.37). 20.29% of the stock is owned by insiders.

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.