GFT Technologies (ETR:GFT) Trading Down 1% – Here’s What Happened

Shares of GFT Technologies SE (ETR:GFTGet Free Report) dropped 1% on Wednesday . The stock traded as low as €17.60 and last traded at €17.64. Approximately 42,574 shares changed hands during trading, a decline of 68% from the average daily volume of 133,979 shares. The stock had previously closed at €17.82.

GFT Technologies Stock Performance

The company’s fifty day simple moving average is €17.82 and its two-hundred day simple moving average is €19.34. The company has a market capitalization of $467.75 million, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 2.05 and a beta of 1.67.

GFT Technologies Company Profile

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GFT Technologies SE, together with its subsidiaries, provides digital transformation services. The company operates in two segments in the Americas, the UK & APAC; and Continental Europe. It offers consulting on the development and implementation of IT strategies; development of bespoke IT solutions; implementation of sector-specific software; and maintenance and development of business-critical IT solutions.

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