Gaming Realms (LON:GMR) Shares Pass Below 200-Day Moving Average – What’s Next?

Gaming Realms plc (LON:GMR)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 35.21 and traded as low as GBX 31. Gaming Realms shares last traded at GBX 31, with a volume of 1,539,682 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 56 price objective on shares of Gaming Realms in a research report on Monday, March 30th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 65.50.

Gaming Realms Stock Performance

The firm’s 50 day moving average price is GBX 32.80 and its 200-day moving average price is GBX 35.07. The firm has a market cap of £84.84 million, a price-to-earnings ratio of 16.23 and a beta of 0.49. The company has a debt-to-equity ratio of 1.91, a current ratio of 4.88 and a quick ratio of 1.23.

Gaming Realms (LON:GMR) last announced its earnings results on Monday, March 30th. The company reported GBX 2.03 earnings per share (EPS) for the quarter. Gaming Realms had a net margin of 18.97% and a return on equity of 15.38%. The business had revenue of GBX 3,137 million for the quarter. On average, analysts anticipate that Gaming Realms plc will post 3.6954315 earnings per share for the current year.

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.