Gateley (LON:GTLY) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Shares of Gateley (Holdings) Plc (LON:GTLY) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 135.50 ($1.76) and traded as high as GBX 140 ($1.82). Gateley shares last traded at GBX 138.10 ($1.80), with a volume of 40,001 shares changing hands.

Gateley Stock Performance

The stock’s 50-day moving average price is GBX 135.50 and its 200-day moving average price is GBX 134.74. The company has a debt-to-equity ratio of 51.58, a quick ratio of 2.30 and a current ratio of 2.36. The company has a market capitalization of £184.39 million, a price-to-earnings ratio of 17.84 and a beta of 1.00.

Gateley (LON:GTLY) last posted its quarterly earnings results on Wednesday, January 15th. The company reported GBX 6.64 ($0.09) earnings per share (EPS) for the quarter. Gateley had a net margin of 5.84% and a return on equity of 12.31%. As a group, equities research analysts expect that Gateley will post 15.5253837 earnings per share for the current year.

Gateley Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 20th will be given a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date is Thursday, February 20th. This represents a dividend yield of 2.55%. Gateley’s dividend payout ratio is currently 129.17%.

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.