Gaming Realms (LON:GMR) Sets New 1-Year High - Here's What Happened

Gaming Realms plc (LON:GMR - Get Free Report) shares hit a new 52-week high on Tuesday . The stock 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).

Analysts Set New Price Targets

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

Gaming Realms Trading Down 0.4%

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 has a market cap of £155.28 million, a price-to-earnings ratio of 23.13 and a beta of 1.42. The company's fifty day moving average price is GBX 47.70 and its 200-day moving average price is GBX 40.61.

Insiders Place Their Bets

In other Gaming Realms news, insider Geoffrey Robert Green sold 200,000 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of GBX 51 ($0.69), for a total transaction of £102,000 ($138,568.13). 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.