Gaming Realms (LON:GMR) Stock Breaks Above Fifty Day Moving Average – Should You Sell?

Gaming Realms plc (LON:GMR) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 30.49 and traded as high as GBX 30.90. Gaming Realms shares last traded at GBX 30.70, with a volume of 678,192 shares trading 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 Tuesday, September 8th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 56.

Gaming Realms Trading Down 1.6%

The company has a 50 day moving average of GBX 30.50 and a 200 day moving average of GBX 32.17. The firm has a market cap of £80.46 million, a P/E ratio of 16.01 and a beta of 0.53. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.23 and a current ratio of 4.23.

Gaming Realms (LON:GMR) last issued its quarterly earnings data on Tuesday, September 8th. The company reported GBX 0.87 earnings per share for the quarter. Gaming Realms had a net margin of 18.59% and a return on equity of 15.29%. 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.