Gateley (LON:GTLY) Shares Pass Below 50 Day Moving Average – Time to Sell?

Gateley (Holdings) Plc (LON:GTLY)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 99.33 and traded as low as GBX 89.50. Gateley shares last traded at GBX 90.50, with a volume of 528,194 shares.

Gateley Price Performance

The company has a market capitalization of £118.51 million, a PE ratio of 26.58 and a beta of 1.00. The company has a quick ratio of 2.30, a current ratio of 2.36 and a debt-to-equity ratio of 51.58. The firm’s 50-day moving average is GBX 99.33 and its 200-day moving average is GBX 112.96.

Gateley (LON:GTLY) last released its quarterly earnings results on Tuesday, December 9th. The company reported GBX 5.67 earnings per share for the quarter. Gateley had a return on equity of 12.31% and a net margin of 5.84%. Equities analysts predict that Gateley will post 15.5253837 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gateley news, insider Martin Pike purchased 30,000 shares of Gateley stock in a transaction on Thursday, January 22nd. The shares were acquired at an average cost of GBX 97 per share, for a total transaction of £29,100. 4.70% of the stock is owned by insiders.

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.