Gaming Realms (LON:GMR) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Gaming Realms plc (LON:GMR)’s share price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 31.46 and traded as low as GBX 30.60. Gaming Realms shares last traded at GBX 30.60, with a volume of 62,069 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 56 target price on shares of Gaming Realms in a report on Tuesday, September 8th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 56.

Gaming Realms Price Performance

The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.23 and a current ratio of 4.23. The company has a 50-day moving average of GBX 30.69 and a 200-day moving average of GBX 31.46. The firm has a market capitalization of £81.79 million, a price-to-earnings ratio of 16.28 and a beta of 0.53.

Gaming Realms (LON:GMR) last posted its earnings results on Tuesday, September 8th. The company reported GBX 0.87 earnings per share (EPS) for the quarter. Gaming Realms had a return on equity of 15.29% and a net margin of 18.59%. As a group, research analysts anticipate 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.