Gaming Realms (LON:GMR) Share Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• Shares fell below their 200-day moving average — the 200-day MA is GBX 40.23, the stock traded as low as GBX 31.30 and last at GBX 31.70 on a volume of 422,044, a potentially bearish technical signal.
• Mixed fundamentals: market capitalization is £89.54 million with a P/E of 11.96 and a strong current ratio of 5.77, but notable leverage with a debt-to-equity ratio of 2.26.
• Business overview: Gaming Realms creates and licenses mobile games and operates in the UK, U.S., and Canada, leveraging IP and media assets to drive growth.

Gaming Realms plc (LON:GMR - ) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 40.23 and traded as low as GBX 31.30. Gaming Realms shares last traded at GBX 31.70, with a volume of 422,044 shares trading hands.

Gaming Realms Price Performance

The stock has a 50 day moving average of GBX 35.16 and a 200-day moving average of GBX 40.23. The company has a current ratio of 5.77, a quick ratio of 1.23 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of £89.54 million, a P/E ratio of 11.96 and a beta of 0.58.

About Gaming Realms

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.

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