Embracer Group AB (publ) (LON:0GFE) Trading 17.3% Higher – Time to Buy?

Embracer Group AB (publ) (LON:0GFE)’s stock price traded up 17.3% during trading on Thursday . The company traded as high as GBX 55.47 and last traded at GBX 54.51. 109,809 shares changed hands during mid-day trading, an increase of 139% from the average session volume of 46,036 shares. The stock had previously closed at GBX 46.47.

Embracer Group AB (publ) Stock Performance

The company has a debt-to-equity ratio of 37.59, a quick ratio of 1.07 and a current ratio of 0.65. The stock has a market cap of £52.69 million, a PE ratio of -14.40 and a beta of 0.53. The company’s 50-day moving average price is GBX 54.64 and its two-hundred day moving average price is GBX 80.95.

Embracer Group AB (publ) Company Profile

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.