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

Gaming Realms plc (LON:GMR)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 37.67 ($0.49) and traded as low as GBX 33.18 ($0.43). Gaming Realms shares last traded at GBX 34.70 ($0.45), with a volume of 433,577 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 50 ($0.65) target price on shares of Gaming Realms in a research report on Wednesday, September 11th.

Gaming Realms Trading Up 3.5 %

The company has a quick ratio of 1.23, a current ratio of 4.47 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average price is GBX 39.02 and its two-hundred day moving average price is GBX 37.67. The firm has a market cap of £105.84 million, a PE ratio of 1,735.00 and a beta of 1.42.

Gaming Realms Company Profile

Gaming Realms plc develops, publishes, and licenses mobile gaming content in the United Kingdom, the United States, Isle of Man, Malta, Gibraltar, and internationally. The company operates through two segments, Licensing and Social Publishing. The Licensing segment is involved in brand and content licensing to partners.