Gaming Realms (LON:GMR) Shares Down 11.5% - Here's What Happened

Key Points

• Gaming Realms plc shares fell by 11.5%, dropping from a previous close of GBX 50.40 to a low of GBX 41.20 during trading.
• Brokerages have updated their price targets for Gaming Realms, with Peel Hunt raising theirs to GBX 75 and Canaccord Genuity to GBX 67, both maintaining a "buy" rating.
• The company reported earnings of GBX 0.90 per share for the last quarter, with a net margin of 26.35% and a forecasted EPS of approximately 3.70 for the current year.

Gaming Realms plc (LON:GMR - Get Free Report) dropped 11.5% on Monday . The stock traded as low as GBX 41.20 ($0.56) and last traded at GBX 44.60 ($0.60). Approximately 2,481,307 shares changed hands during trading, an increase of 195% from the average daily volume of 840,314 shares. The stock had previously closed at GBX 50.40 ($0.68).

Analyst Ratings Changes

Several brokerages have issued reports on GMR. Peel Hunt boosted their price objective on shares of Gaming Realms from GBX 60 to GBX 75 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Canaccord Genuity Group raised their target price on shares of Gaming Realms from GBX 57 to GBX 67 and gave the stock a "buy" rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of GBX 64.

Gaming Realms Stock Down 11.5%

The company has a market capitalization of £131.51 million, a PE ratio of 1,554.01 and a beta of 1.42. The firm's 50-day simple moving average is GBX 51.76 and its 200 day simple moving average is GBX 44.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 4.47.

Gaming Realms (LON:GMR - Get Free Report) last announced its quarterly earnings results on Monday, September 8th. The company reported GBX 0.90 earnings per share (EPS) for the quarter. Gaming Realms had a net margin of 26.35% and a return on equity of 25.57%. As a group, equities research analysts forecast that Gaming Realms plc will post 3.6954315 earnings per share for the current year.

Insider Transactions at Gaming Realms

In other Gaming Realms news, insider Geoffrey Robert Green sold 200,000 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of GBX 51, for a total value of £102,000. Company insiders own 27.83% 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.

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