Gateley (LON:GTLY) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Gateley (Holdings) Plc (LON:GTLY) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 99.33 and traded as low as GBX 89.50. Gateley shares last traded at GBX 90.50, with a volume of 528,194 shares.

Gateley Price Performance

The stock has a market capitalization of £118.51 million, a PE ratio of 26.58 and a beta of 1.00. The business’s 50-day moving average price is GBX 99.33 and its 200 day moving average price is GBX 112.96. The company has a debt-to-equity ratio of 51.58, a quick ratio of 2.30 and a current ratio of 2.36.

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

Insider Activity at Gateley

In related news, insider Martin Pike acquired 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were bought at an average cost of GBX 97 per share, for a total transaction of £29,100. Insiders own 4.70% of the company’s stock.

Gateley Company Profile

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.