Shares of GFT Technologies SE (ETR:GFT) fell 2.9% during trading on Friday . The company traded as low as €11.36 ($13.36) and last traded at €11.52 ($13.55). 48,891 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 133,979 shares. The stock had previously closed at €11.86 ($13.95).
Separately, Pareto Securities set a €14.50 ($17.06) target price on shares of GFT Technologies and gave the company a “buy” rating in a research note on Friday, August 14th.
The firm has a market cap of $303.27 million and a PE ratio of 29.16. The company has a current ratio of 1.40, a quick ratio of 1.31 and a debt-to-equity ratio of 132.36. The stock’s 50 day moving average price is €12.25 and its 200 day moving average price is €10.01.
GFT Technologies SE provides information technology (IT) consulting and solutions for retail and investment banking clients. The company's services include consulting on the development and realization of IT strategies, development of bespoke IT solutions, implementation of bank specific software, and maintenance and development of banking applications.
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