Gaming Realms (LON:GMR) Hits New 1-Year High - Here's Why

Gaming Realms plc (LON:GMR - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as GBX 53.60 ($0.72) and last traded at GBX 53.08 ($0.71), with a volume of 548791 shares changing hands. The stock had previously closed at GBX 52.80 ($0.71).

Analysts Set New Price Targets

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

Gaming Realms Stock Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 4.47 and a quick ratio of 1.23. The stock's 50 day simple moving average is GBX 48.84 and its two-hundred day simple moving average is GBX 41.26. The stock has a market cap of £167.63 million, a P/E ratio of 24.97 and a beta of 1.42.

Insider Activity

In other news, insider Geoffrey Robert Green sold 200,000 shares of Gaming Realms stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of GBX 51 ($0.68), for a total value of £102,000 ($136,967.91). 27.35% of the stock is owned by company insiders.

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.