Gaming Realms (LON:GMR) Reaches New 1-Year Low – What’s Next?

Gaming Realms plc (LON:GMR) shares hit a new 52-week low during trading on Friday. The company traded as low as GBX 29 and last traded at GBX 29.60, with a volume of 566,302 shares. The stock had previously closed at GBX 30.10.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 56 price objective on shares of Gaming Realms in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 56.

Gaming Realms Trading Down 1.7%

The firm has a market cap of £79.12 million, a P/E ratio of 15.74 and a beta of 0.53. The company has a current ratio of 4.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.77. The company’s fifty day moving average price is GBX 30.53 and its two-hundred day moving average price is GBX 31.42.

Gaming Realms (LON:GMR) last announced its quarterly earnings results on Tuesday, September 8th. The company reported GBX 0.87 earnings per share (EPS) for the quarter. Gaming Realms had a net margin of 18.59% and a return on equity of 15.29%. As a group, sell-side analysts predict that Gaming Realms plc will post 3.70 EPS for the current fiscal year.

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.