Embracer Group AB (publ) (LON:0GFE) Shares Up 2.7% – Time to Buy?

Shares of Embracer Group AB (publ) (LON:0GFE) shot up 2.7% on Thursday . The stock traded as high as GBX 51.51 and last traded at GBX 51.17. 7,127 shares were traded during trading, a decline of 84% from the average session volume of 44,964 shares. The stock had previously closed at GBX 49.81.

Embracer Group AB (publ) Trading Up 0.6%

The company has a current ratio of 0.65, a quick ratio of 1.07 and a debt-to-equity ratio of 37.59. The firm has a fifty day moving average of GBX 52.46 and a two-hundred day moving average of GBX 76.22. The company has a market cap of £45.22 million, a PE ratio of -12.36 and a beta of 0.53.

About Embracer Group AB (publ)

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.