GFT Technologies (ETR:GFT) Stock Price Down 4.2% – Here’s Why

GFT Technologies SE (ETR:GFT)’s stock price dropped 4.2% during trading on Wednesday. The stock traded as low as €26.90 and last traded at €27.25. Approximately 75,350 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 133,979 shares. The stock had previously closed at €28.45.

GFT Technologies Price Performance

The company has a 50-day moving average price of €26.43 and a two-hundred day moving average price of €21.54. The company has a debt-to-equity ratio of 51.84, a current ratio of 1.12 and a quick ratio of 1.32. The company has a market cap of $722.57 million, a PE ratio of 15.25, a P/E/G ratio of 2.05 and a beta of 0.89.

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.