GFT Technologies (ETR:GFT) Trading Up 2.4% – Here’s Why

GFT Technologies SE (ETR:GFT) shares shot up 2.4% on Thursday . The company traded as high as €17.30 and last traded at €17.12. 73,149 shares were traded during mid-day trading, a decline of 45% from the average session volume of 133,979 shares. The stock had previously closed at €16.72.

GFT Technologies Stock Performance

The company has a debt-to-equity ratio of 55.23, a quick ratio of 1.32 and a current ratio of 1.13. The company has a market cap of $434.87 million, a PE ratio of 9.18, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company’s 50 day moving average price is €17.83 and its 200-day moving average price is €18.06.

About GFT Technologies

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. The company serves clients in investment and retail banking, insurance, and industrial sectors.