Gaming Realms (LON:GMR) Share Price Passes Below 200-Day Moving Average – Here’s Why

Gaming Realms plc (LON:GMR)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 34.76 and traded as low as GBX 29.70. Gaming Realms shares last traded at GBX 30.30, with a volume of 116,879 shares changing hands.

Analysts Set New Price Targets

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

Gaming Realms Price Performance

The company has a market cap of £82.92 million, a price-to-earnings ratio of 15.86 and a beta of 0.53. The company has a fifty day simple moving average of GBX 32.68 and a two-hundred day simple moving average of GBX 34.76. The company has a quick ratio of 1.23, a current ratio of 4.88 and a debt-to-equity ratio of 1.91.

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

About Gaming Realms

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.