Gateley (LON:GTLY) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Gateley (Holdings) Plc (LON:GTLY)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 110.95 and traded as low as GBX 103. Gateley shares last traded at GBX 103.04, with a volume of 76,978 shares trading hands.

Gateley Stock Performance

The stock has a market cap of £138.06 million, a price-to-earnings ratio of 101.02 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 company has a 50 day simple moving average of GBX 110.70 and a 200 day simple moving average of GBX 121.25.

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

Insiders Place Their Bets

In other news, insider Martin Pike bought 40,000 shares of the stock in a transaction on Tuesday, October 7th. The stock was acquired at an average price of GBX 129 per share, with a total value of £51,600. Also, insider Neil Andrew Smith sold 100,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of GBX 116, for a total value of £116,000. 4.68% of the stock is currently owned by corporate 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.