Gaming Realms (LON:GMR) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Gaming Realms plc (LON:GMR) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 36.38 ($0.46) and traded as low as GBX 35 ($0.44). Gaming Realms shares last traded at GBX 35.40 ($0.45), with a volume of 44,059 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 50 ($0.63) target price on shares of Gaming Realms in a research report on Wednesday, September 11th.

Gaming Realms Stock Performance

The company has a current ratio of 4.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of £104.37 million, a P/E ratio of 1,770.00 and a beta of 1.42. The company’s 50-day moving average is GBX 36.38 and its two-hundred day moving average is GBX 37.58.

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.