Embracer Group AB (publ) (LON:0GFE) Trading Down 3% – What’s Next?

Embracer Group AB (publ) (LON:0GFE)’s share price was down 3% during trading on Thursday . The company traded as low as GBX 45.80 and last traded at GBX 45.80. Approximately 26,077 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 44,386 shares. The stock had previously closed at GBX 47.20.

Embracer Group AB (publ) Price Performance

The business has a 50-day moving average price of GBX 59.26 and a two-hundred day moving average price of GBX 83.31. The company has a quick ratio of 1.07, a current ratio of 0.65 and a debt-to-equity ratio of 37.59. The company has a market capitalization of £40.37 million, a price-to-earnings ratio of -11.03 and a beta of 0.53.

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.