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

Gaming Realms plc (LON:GMR) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 37.71 ($0.49) and traded as low as GBX 36.12 ($0.47). Gaming Realms shares last traded at GBX 37.50 ($0.49), with a volume of 207,738 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 50 ($0.65) price target on shares of Gaming Realms in a research report on Wednesday, September 11th.

Gaming Realms Trading Down 0.8 %

The company has a current ratio of 4.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.51. The company has a market cap of £110.56 million, a price-to-earnings ratio of 1,875.00 and a beta of 1.42. The firm has a 50-day moving average price of GBX 37.44 and a 200 day moving average price of GBX 37.71.

About Gaming Realms

Gaming Realms plc develops, publishes, and licenses mobile gaming content in the United Kingdom, the United States, Isle of Man, Malta, Gibraltar, and internationally. The company operates through two segments, Licensing and Social Publishing. The Licensing segment is involved in brand and content licensing to partners.