Gaming Realms (LON:GMR) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Gaming Realms plc (LON:GMR) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 36.36 and traded as low as GBX 32.10. Gaming Realms shares last traded at GBX 33.10, with a volume of 212,553 shares changing hands.

Wall Street Analysts Forecast Growth

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

Gaming Realms Price Performance

The stock has a market cap of £90.99 million, a P/E ratio of 17.28 and a beta of 0.49. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.23 and a current ratio of 4.88. The business has a 50 day simple moving average of GBX 32.70 and a 200-day simple moving average of GBX 36.34.

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