Gaming Realms (LON:GMR) Reaches New 52-Week High - Here's Why

Gaming Realms plc (LON:GMR - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 52 ($0.71) and last traded at GBX 51.43 ($0.71), with a volume of 724372 shares changing hands. The stock had previously closed at GBX 51.20 ($0.70).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their target price on shares of Gaming Realms from GBX 50 ($0.69) to GBX 57 ($0.78) and gave the stock a "buy" rating in a research report on Monday, March 31st.

Gaming Realms Stock Performance

The stock has a 50-day moving average of GBX 45.02 and a 200 day moving average of GBX 39.52. The firm has a market capitalization of £149.99 million, a P/E ratio of 22.34 and a beta of 1.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 4.47.

Gaming Realms (LON:GMR - Get Free Report) last announced its earnings results on Monday, March 31st. The company reported GBX 3 ($0.04) EPS for the quarter. Gaming Realms had a return on equity of 25.57% and a net margin of 26.35%. On average, research analysts anticipate that Gaming Realms plc will post 3.6954315 earnings per share for the current year.

Insider Buying and Selling at Gaming Realms

In other news, insider Geoffrey Robert Green sold 200,000 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 51 ($0.70), for a total transaction of £102,000 ($139,975.30). Corporate insiders own 27.35% of the company's stock.

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.