Gateley (LON:GTLY) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Gateley (Holdings) Plc (LON:GTLY)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 78.58 and traded as low as GBX 68. Gateley shares last traded at GBX 71.50, with a volume of 1,157,008 shares changing hands.

Gateley Price Performance

The company has a debt-to-equity ratio of 80.67, a current ratio of 4.01 and a quick ratio of 2.30. The company has a 50-day moving average price of GBX 78.58 and a 200-day moving average price of GBX 99.50. The firm has a market capitalization of £96.62 million, a PE ratio of 21.67 and a beta of 0.33.

Insider Activity

In other Gateley news, insider Martin Pike bought 30,000 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was purchased at an average cost of GBX 97 per share, for a total transaction of £29,100. 4.78% of the stock is owned by corporate insiders.

About Gateley

Gateley is an entrepreneurial professional services group at the heart of which is Gateley Legal, an English law firm established in 1808. In 2015 we became the first commercial law firm in the world to be publicly listed on the London Stock Exchange. We are a top 50 UK ranking law firm with 25 offices in the UK, Dubai and Hong Kong.
With 1,500 employees and over 1,000 professional advisers, we have recruited market leaders who can provide our clients with the expertise that they need in a considered, commercial and pragmatic manner.