GFT Technologies (ETR:GFT) Shares Down 4.2% - Here's What Happened

Key Points

• GFT Technologies' shares fell by 4.2%, trading at €17.50 ($20.35), following a previous close of €18.26 ($21.23).
• The company has a market capitalization of $460.32 million and a price-to-earnings ratio of 9.71, indicating its valuation in the market.
• GFT Technologies specializes in digital transformation services across multiple regions including the Americas and Europe.

Shares of GFT Technologies SE (ETR:GFT - ) traded down 4.2% during mid-day trading on Monday . The stock traded as low as €17.50 ($20.35) and last traded at €17.50 ($20.35). 185,542 shares changed hands during trading, an increase of 38% from the average session volume of 133,979 shares. The stock had previously closed at €18.26 ($21.23).

GFT Technologies Trading Down 0.8%

The company has a market capitalization of $460.32 million, a price-to-earnings ratio of 9.71, a PEG ratio of 2.05 and a beta of 1.67. The firm has a 50-day moving average price of €22.46 and a 200-day moving average price of €22.19.

GFT Technologies Company Profile

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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