Gaming Realms (LON:GMR) Shares Pass Below 200-Day Moving Average - Should You Sell?

Key Points

• Gaming Realms' shares have crossed below its 200-day moving average, with the 200‑day at GBX 38.08 and the stock trading as low as GBX 32 and last at GBX 32.90 on volume of 366,350.
• Analysts remain constructive: Canaccord reaffirmed a buy with a GBX 56 target and the stock carries a consensus Buy rating with a consensus price target of GBX 65.50.
• Fundamentals show a market cap of £91.36m and a P/E of 17.23, and the company reported quarterly EPS of GBX 2.03 with a net margin of 18.97%, indicating ongoing profitability.

Gaming Realms plc (LON:GMR - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 38.08 and traded as low as GBX 32. Gaming Realms shares last traded at GBX 32.90, with a volume of 366,350 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 56 target price on shares of Gaming Realms in a report on Monday, March 30th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of GBX 65.50.

Gaming Realms Stock Up 2.8%

The company has a market cap of £91.36 million, a price-to-earnings ratio of 17.23 and a beta of 0.51. The business's 50 day simple moving average is GBX 31.91 and its 200-day simple moving average is GBX 38.08. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.23 and a current ratio of 4.88.

Gaming Realms (LON:GMR - Get Free Report) last announced its quarterly earnings data on Monday, March 30th. The company reported GBX 2.03 EPS for the quarter. Gaming Realms had a net margin of 18.97% and a return on equity of 15.38%. The business had revenue of GBX 3,137 million for the quarter. Sell-side analysts expect that Gaming Realms plc will post 3.6954315 earnings per share for the current year.

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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