Embracer Group AB (publ) (LON:0GFE) Stock Price Down 2% – Here’s What Happened

Embracer Group AB (publ) (LON:0GFE) shares fell 2% during trading on Wednesday . The stock traded as low as GBX 51.68 and last traded at GBX 51.70. 43,661 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 31,641 shares. The stock had previously closed at GBX 52.75.

Embracer Group AB (publ) Trading Down 2.0%

The firm has a fifty day simple moving average of GBX 71.19 and a 200-day simple moving average of GBX 89.62. The firm has a market cap of £45.20 million, a P/E ratio of -12.36 and a beta of 0.53. The company has a debt-to-equity ratio of 37.59, a current ratio of 0.65 and a quick ratio of 1.07.

About Embracer Group AB (publ)

Embracer Group AB (publ), together with its subsidiaries, develops and publishes PC, console, mobile, VR, and board games for the games market worldwide. The company also publishes films and comic books, as well as engages in the trading of card games. It distributes games through retailers, physical stores, and digital distributors. The company was formerly known as THQ Nordic AB (publ) and changed its name to Embracer Group AB (publ) in October 2019. Embracer Group AB (publ) was founded in 1990 and is headquartered in Karlstad, Sweden.