Gateley (LON:GTLY) Shares Cross Above 50 Day Moving Average – Here’s Why

Gateley (Holdings) Plc (LON:GTLY) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 131.62 ($1.67) and traded as high as GBX 134.97 ($1.71). Gateley shares last traded at GBX 133.50 ($1.69), with a volume of 21,188 shares changing hands.

Gateley Price Performance

The stock’s fifty day moving average price is GBX 131.62 and its two-hundred day moving average price is GBX 132.85. The firm has a market capitalization of £174.31 million, a price-to-earnings ratio of 1,668.75 and a beta of 1.00. The company has a current ratio of 2.36, a quick ratio of 2.30 and a debt-to-equity ratio of 51.58.

Insider Activity

In related news, insider Victoria Garrad sold 9,000 shares of Gateley stock in a transaction on Monday, October 7th. The shares were sold at an average price of GBX 138 ($1.75), for a total transaction of £12,420 ($15,715.55). Also, insider Edward Knapp purchased 3,520 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average price of GBX 142 ($1.80) per share, for a total transaction of £4,998.40 ($6,324.69). Company insiders own 48.81% of the company’s stock.

Gateley Company Profile

Gateley (Holdings) Plc, together with its subsidiaries, provides commercial legal and consultancy services in the United Kingdom, Europe, the Middle East, North and South America, Asia, and internationally. It operates through four segments: Corporate, Business Services, People, and Property. The company offers a range of services, such as legal, banking, corporate, restructuring advisory, taxation, commercial, commercial dispute resolution, complex international litigation, reputation, media, and privacy law services.