GFT Technologies (ETR:GFT) Shares Down 0.8% – Here’s Why

GFT Technologies SE (ETR:GFTGet Free Report) fell 0.8% during mid-day trading on Wednesday . The stock traded as low as €16.98 and last traded at €17.26. 96,260 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 133,979 shares. The stock had previously closed at €17.40.

GFT Technologies Price Performance

The company has a market capitalization of $457.67 million, a PE ratio of 9.66, a price-to-earnings-growth ratio of 2.05 and a beta of 1.67. The firm has a 50-day simple moving average of €17.67 and a 200 day simple moving average of €20.00.

About GFT Technologies

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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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