Gaming Realms (LON:GMR) Hits New 52-Week High - What's Next?

Gaming Realms plc (LON:GMR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 53 ($0.72) and last traded at GBX 52.80 ($0.72), with a volume of 297596 shares trading hands. The stock had previously closed at GBX 52.20 ($0.71).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their price objective on shares of Gaming Realms from GBX 50 ($0.68) to GBX 57 ($0.77) and gave the company a "buy" rating in a research report on Monday, March 31st.

Gaming Realms Trading Down 1.1%

The stock's 50 day moving average is GBX 47.16 and its 200-day moving average is GBX 40.42. 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 company has a market cap of £153.51 million, a P/E ratio of 22.86 and a beta of 1.42.

Insider Activity

In related news, insider Geoffrey Robert Green sold 200,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of GBX 51 ($0.69), for a total transaction of £102,000 ($138,662.32). Company 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.