GSTechnologies (LON:GST) Stock Price Up 13.2% – Still a Buy?

GSTechnologies Ltd. (LON:GST) shares were up 13.2% during mid-day trading on Thursday . The stock traded as high as GBX 2.40 ($0.03) and last traded at GBX 2.23 ($0.03). Approximately 74,420,227 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 66,775,359 shares. The stock had previously closed at GBX 1.97 ($0.02).

GSTechnologies Stock Performance

The stock has a 50-day moving average price of GBX 1.82 and a 200 day moving average price of GBX 1.10. The firm has a market capitalization of £45.31 million, a price-to-earnings ratio of -3.35 and a beta of 0.70. The company has a quick ratio of 4.31, a current ratio of 3.18 and a debt-to-equity ratio of 3.39.

Insider Buying and Selling at GSTechnologies

In related news, insider Lord James Christopher Douglas Wellesley acquired 335,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were bought at an average price of GBX 1 ($0.01) per share, with a total value of £3,350 ($4,100.37). Insiders own 20.29% of the company’s stock.

GSTechnologies Company Profile

GSTechnologies is a global technology company listed on the Main Market of the London Stock Exchange under the ticker, GST. The group operates three core businesses across blockchain payments and financial services, forex, as well as cryptoasset exchange. The group has operations in the UK, Lithuania, Singapore, and Australia.