GSTechnologies (LON:GST) Shares Down 8.5% – Here’s What Happened

Shares of GSTechnologies Ltd. (LON:GST) were down 8.5% on Tuesday . The company traded as low as GBX 0.50 and last traded at GBX 0.52. Approximately 7,569,231 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 18,594,543 shares. The stock had previously closed at GBX 0.57.

GSTechnologies Price Performance

The stock has a market capitalization of £11.88 million, a P/E ratio of -4.82 and a beta of 0.70. The business has a fifty day simple moving average of GBX 0.67 and a 200-day simple moving average of GBX 0.84. The company has a debt-to-equity ratio of 3.37, a quick ratio of 4.31 and a current ratio of 3.18.

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.