GSTechnologies (LON:GST) Trading Up 7.5% – Still a Buy?

GSTechnologies Ltd. (LON:GST)’s stock price was 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). Approximately 39,568,145 shares were traded during mid-day trading, an increase of 153% from the average daily volume of 15,664,443 shares. The stock had previously closed at GBX 2.20 ($0.03).

GSTechnologies Trading Up 10.3 %

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 firm has a fifty day simple moving average of GBX 1.32 and a 200-day simple moving average of GBX 0.92. The firm has a market cap of £47.81 million, a P/E ratio of -3.35 and a beta of 0.70.

Insider Buying and Selling

In other GSTechnologies news, insider Lord James Christopher Douglas Wellesley bought 335,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was bought 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 company 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.