Gaming Realms (LON:GMR) Stock Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• Shares briefly crossed above the 50‑day moving average — the 50‑day MA is GBX 32.82 and the stock traded as high as GBX 33.70 intraday, though it last traded at GBX 31.90 on volume of 246,072.
• Analysts remain bullish — Canaccord Genuity reaffirmed a "buy" with a GBX 56 target, and MarketBeat shows a consensus "Buy" rating with a consensus price target of GBX 65.50.
• Solid reported fundamentals — Gaming Realms has a market cap of £92.75m, a PE of 17.49, net margin ~18.97% and ROE 15.38%, with analysts forecasting about 3.70 EPS for the year.

Shares of Gaming Realms plc (LON:GMR - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 32.82 and traded as high as GBX 33.70. Gaming Realms shares last traded at GBX 31.90, with a volume of 246,072 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 56 target price on shares of Gaming Realms in a report on Monday, March 30th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 65.50.

Gaming Realms Stock Performance

The company has a current ratio of 4.88, a quick ratio of 1.23 and a debt-to-equity ratio of 1.91. The business's 50 day moving average is GBX 32.82 and its two-hundred day moving average is GBX 38.70. The company has a market cap of £92.75 million, a PE ratio of 17.49 and a beta of 0.58.

Gaming Realms (LON:GMR - Get Free Report) last released its earnings results on Monday, March 30th. The company reported GBX 2.03 earnings per share for the quarter. Gaming Realms had a net margin of 18.97% and a return on equity of 15.38%. The company had revenue of GBX 3,137 million for the quarter. On average, equities research analysts anticipate that Gaming Realms plc will post 3.6954315 EPS for the current year.

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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