Gaming Realms (LON:GMR) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Gaming Realms plc (LON:GMR – Get Free Report)’s stock price passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 30.49 and traded as high as GBX 30.90. Gaming Realms shares last traded at GBX 30.70, with a volume of 678,192 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 56 price objective on shares of Gaming Realms in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 56.

View Our Latest Research Report on GMR

Gaming Realms Trading Down 1.9%

The company has a quick ratio of 1.23, a current ratio of 4.23 and a debt-to-equity ratio of 1.77. The business’s fifty day moving average is GBX 30.49 and its 200 day moving average is GBX 32.27. The firm has a market capitalization of £81.15 million, a price-to-earnings ratio of 16.15 and a beta of 0.53.

Gaming Realms (LON:GMR – Get Free Report) last posted its quarterly earnings data on Tuesday, September 8th. The company reported GBX 0.87 EPS for the quarter. Gaming Realms had a net margin of 18.59% and a return on equity of 15.29%. Equities analysts predict that Gaming Realms plc will post 3.70 earnings per share for the current year.

Gaming Realms Company Profile

(Get Free Report)

Gaming Realms creates and licenses innovative games for mobile, with operations in the UK, U.S. and Canada. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.

Further Reading

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