GSTechnologies (LON:GST) Shares Down 8.8% – Should You Sell?

Shares of GSTechnologies Ltd. (LON:GST) dropped 8.8% during mid-day trading on Wednesday . The company traded as low as GBX 1.25 ($0.02) and last traded at GBX 1.26 ($0.02). Approximately 2,689,099 shares traded hands during trading, a decline of 82% from the average daily volume of 14,591,961 shares. The stock had previously closed at GBX 1.38 ($0.02).

GSTechnologies Stock Down 1.9 %

The company has a market cap of £26.10 million, a price-to-earnings ratio of -3.35 and a beta of 0.70. The stock has a 50-day simple moving average of GBX 0.93 and a 200-day simple moving average of GBX 0.81. The company has a current ratio of 3.18, a quick ratio of 4.31 and a debt-to-equity ratio of 3.39.

Insider Buying and Selling

In related news, insider Lord James Christopher Douglas Wellesley acquired 335,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average price of GBX 1 ($0.01) per share, for a total transaction of £3,350 ($4,252.35). Corporate insiders own 20.29% of the company’s stock.

About GSTechnologies

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.