Games Workshop Group (LON:GAW) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Games Workshop Group PLC's stock has fallen below its 200-day moving average, trading at £148, below the average of £152.54.
• Analysts maintain a consensus Buy rating for the stock, with a target price set at £165.
• Recent insider activity includes purchases of 2,924 shares valued at approximately $47.5 million over the last three months.

Shares of Games Workshop Group PLC (LON:GAW - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of £152.54 ($206.75) and traded as low as £148 ($200.60). Games Workshop Group shares last traded at £148 ($200.60), with a volume of 27,979 shares traded.

Analyst Upgrades and Downgrades

Separately, Peel Hunt restated an "add" rating and set a £165 target price on shares of Games Workshop Group in a research note on Wednesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Games Workshop Group has an average rating of "Buy" and an average price target of £165.

Games Workshop Group Trading Up 0.8%

The company has a quick ratio of 2.33, a current ratio of 3.29 and a debt-to-equity ratio of 18.77. The business has a fifty day simple moving average of £155.98 and a 200 day simple moving average of £152.65. The company has a market cap of £4.89 billion, a price-to-earnings ratio of 2,497.82, a P/E/G ratio of 0.41 and a beta of 1.25.

Games Workshop Group (LON:GAW - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported GBX 594.90 earnings per share for the quarter. Games Workshop Group had a return on equity of 60.82% and a net margin of 28.74%. On average, equities analysts anticipate that Games Workshop Group PLC will post 448.9953023 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Elizabeth Harrison acquired 475 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of £163.03 per share, for a total transaction of £77,439.25. Also, insider Kevin Rountree acquired 2,345 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average price of £162.50 per share, with a total value of £381,062.50. In the last 90 days, insiders bought 2,924 shares of company stock valued at $47,478,919. Company insiders own 7.93% of the company's stock.

Games Workshop Group Company Profile

Games Workshop Group PLC, together with its subsidiaries, designs, manufactures, distributes, and sells miniature figures and games in the United Kingdom, Continental Europe, North America, Australia, New Zealand, Asia, and internationally. It operates in two segments, Core and Licensing. The company offers games under the Warhammer: Age of Sigmar, Necromunda, and Warhammer 40,000 names, as well as Horus Heresy and Blood Bowl.