Gaming Realms (LON:GMR) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Gaming Realms plc (LON:GMR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 35.21 and traded as low as GBX 31. Gaming Realms shares last traded at GBX 31, with a volume of 1,539,682 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 56 price objective on shares of Gaming Realms in a report on Monday, March 30th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 65.50.

Gaming Realms Stock Down 1.0%

The stock’s 50-day moving average price is GBX 32.84 and its two-hundred day moving average price is GBX 35.21. The stock has a market capitalization of £84.84 million, a PE ratio of 16.23 and a beta of 0.49. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.23 and a current ratio of 4.88.

Gaming Realms (LON:GMR) last released its earnings results on Monday, March 30th. The company reported GBX 2.03 earnings per share for the quarter. The firm had revenue of GBX 3,137 million for the quarter. Gaming Realms had a net margin of 18.97% and a return on equity of 15.38%. As a group, analysts expect that Gaming Realms plc will post 3.6954315 EPS for the current fiscal year.

Gaming Realms Company Profile

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.