Gaming Realms (LON:GMR) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Gaming Realms plc (LON:GMR) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 36.75 and traded as low as GBX 33.30. Gaming Realms shares last traded at GBX 33.30, with a volume of 640,712 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 56 target price on shares of Gaming Realms in a research note on Monday, March 30th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Gaming Realms currently has an average rating of “Buy” and an average target price of GBX 65.50.

Gaming Realms Stock Performance

The firm has a market cap of £91.82 million, a P/E ratio of 17.43 and a beta of 0.49. The business’s 50 day moving average is GBX 32.57 and its 200-day moving average is GBX 36.75. The company has a quick ratio of 1.23, a current ratio of 4.88 and a debt-to-equity ratio of 1.91.

Gaming Realms (LON:GMR) last posted its quarterly earnings data on Monday, March 30th. The company reported GBX 2.03 EPS for the quarter. The firm had revenue of GBX 3,137 million for the quarter. Gaming Realms had a net margin of 18.97% and a return on equity of 15.38%. As a group, analysts forecast that Gaming Realms plc will post 3.6954315 earnings per share 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.