Gateley (LON:GTLY) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Gateley (Holdings) Plc (LON:GTLY) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 131.47 ($1.65) and traded as high as GBX 140 ($1.76). Gateley shares last traded at GBX 139.10 ($1.74), with a volume of 24,175 shares trading hands.

Gateley Price Performance

The company has a debt-to-equity ratio of 51.58, a current ratio of 2.36 and a quick ratio of 2.30. The business’s 50 day moving average price is GBX 131.47 and its 200 day moving average price is GBX 134.76. The stock has a market capitalization of £181.62 million, a P/E ratio of 1,738.75 and a beta of 1.00.

Insiders Place Their Bets

In other news, insider Victoria Garrad sold 9,000 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of GBX 138 ($1.73), for a total value of £12,420 ($15,569.76). Also, insider Edward Knapp acquired 11,586 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average cost of GBX 125 ($1.57) per share, for a total transaction of £14,482.50 ($18,155.32). 48.81% of the stock is currently owned by insiders.

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.