Gaming Realms (LON:GMR) Sets New 52-Week High - Time to Buy?

Gaming Realms plc (LON:GMR - Get Free Report) reached 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 changing hands. The stock had previously closed at GBX 52.20 ($0.71).

Wall Street Analysts Forecast Growth

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

Gaming Realms Stock Performance

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's 50-day simple moving average is GBX 47.43 and its 200-day simple moving average is GBX 40.50. The stock has a market capitalization of £155.87 million, a price-to-earnings ratio of 23.21 and a beta of 1.42.

Insider Buying and Selling at Gaming Realms

In other news, insider Geoffrey Robert Green sold 200,000 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of GBX 51 ($0.69), for a total transaction of £102,000 ($138,624.63). 27.35% of the stock is currently 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.