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

Gaming Realms logo with Consumer Cyclical background

Gaming Realms plc (LON:GMR - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 50 ($0.67) and last traded at GBX 49.70 ($0.67), with a volume of 1386000 shares changing hands. The stock had previously closed at GBX 48.40 ($0.65).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their price target on Gaming Realms from GBX 50 ($0.67) to GBX 57 ($0.77) and gave the stock a "buy" rating in a report on Monday, March 31st.

Check Out Our Latest Stock Report on GMR

Gaming Realms Stock Up 2.7%

The business's fifty day moving average price is GBX 42.96 and its 200 day moving average price is GBX 38.83. The company has a current ratio of 4.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of £146.16 million, a price-to-earnings ratio of 21.77 and a beta of 1.42.

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

About Gaming Realms

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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