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

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

GSTechnologies Price Performance

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

Insider Activity at GSTechnologies

In other GSTechnologies news, insider Lord James Christopher Douglas Wellesley acquired 335,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average price of GBX 1 ($0.01) per share, with a total value 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.