Gaming Realms (LON:GMR) Stock Price Down 11.5% - Should You Sell?

Key Points

• Gaming Realms plc (LON:GMR) experienced an 11.5% decline in share price, trading as low as GBX 41.20 ($0.56) before recovering slightly to GBX 44.60 ($0.60).
• Despite the recent drop, three analysts have rated the stock as "Buy", with revised price targets increasing from GBX 57 to 67 and from GBX 60 to 75.
• Insider Geoffrey Robert Green sold 200,000 shares at an average price of GBX 51, indicating significant insider activity as insiders own 27.83% of the stock.

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

Analyst Ratings Changes

Several research firms have commented on GMR. Peel Hunt increased their price objective on shares of Gaming Realms from GBX 60 to GBX 75 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Canaccord Genuity Group increased their price objective 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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 64.

Gaming Realms Trading Up 5.4%

The firm has a market cap of £137.11 million, a PE ratio of 1,620.21 and a beta of 1.42. The company has a quick ratio of 1.23, a current ratio of 4.47 and a debt-to-equity ratio of 0.14. The company's 50 day moving average price is GBX 51.59 and its two-hundred day moving average price is GBX 44.98.

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

Insider Buying and Selling at Gaming Realms

In related news, insider Geoffrey Robert Green sold 200,000 shares of the firm's 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. Corporate insiders own 27.83% of the company's stock.

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.