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

Key Points

• Gaming Realms plc shares fell by 11.5% to GBX 44.60 ($0.60) amidst increased trading volume, 195% higher than average.
• Analysts have raised their price targets, with Peel Hunt setting a target of GBX 75 and Canaccord Genuity Group increasing it to GBX 67; the average target is now GBX 64.
• The company's most recent earnings report showed an EPS of GBX 0.90 and a forecast of 3.70 EPS for the current fiscal year, indicating positive growth potential.

Gaming Realms plc (LON:GMR - Get Free Report)'s stock price 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 were traded 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).

Analysts Set New Price Targets

GMR has been the topic of several research analyst reports. Peel Hunt lifted their price target on shares of Gaming Realms from GBX 60 to GBX 75 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Canaccord Genuity Group boosted their price target on shares of Gaming Realms from GBX 57 to GBX 67 and gave the company a "buy" rating in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of GBX 64.

Gaming Realms Price Performance

The stock's fifty day moving average price is GBX 51.76 and its 200-day moving average price 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. The firm has a market cap of £131.51 million, a PE ratio of 1,554.01 and a beta of 1.42.

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

Insider Activity at Gaming Realms

In related news, insider Geoffrey Robert Green sold 200,000 shares of Gaming Realms stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of GBX 51, for a total transaction of £102,000. 27.83% of the stock is currently owned by insiders.

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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