Gaming Realms (LON:GMR) Reaches New 1-Year Low – Time to Sell?

Shares of Gaming Realms plc (LON:GMR) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 29 and last traded at GBX 29.90, with a volume of 1292107 shares changing hands. The stock had previously closed at GBX 29.50.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 56 target price on shares of Gaming Realms in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 56.

Gaming Realms Stock Up 1.4%

The stock has a fifty day simple moving average of GBX 30.64 and a two-hundred day simple moving average of GBX 31.67. The firm has a market cap of £81.14 million, a PE ratio of 15.65 and a beta of 0.53. The company has a current ratio of 4.88, a quick ratio of 1.23 and a debt-to-equity ratio of 1.91.

Gaming Realms Company Profile

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.