Gaming Realms (LON:GMR) Stock Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Gaming Realms stock has fallen below its 200-day moving average, currently trading at GBX 45, down from a 200-day average of GBX 46.02.
• Research analysts maintain a positive outlook, with Peel Hunt and Canaccord Genuity both raising their price targets, indicating their "buy" ratings for the stock.
• The company reported an EPS of GBX 0.90 with a net margin of 26.35% and a market capitalization of £132.78 million, showcasing its financial stability.

Gaming Realms plc (LON:GMR - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 46.02 ($0.62) and traded as low as GBX 44.50 ($0.60). Gaming Realms shares last traded at GBX 45 ($0.60), with a volume of 1,411,959 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Peel Hunt increased their price target on shares of Gaming Realms from GBX 60 to GBX 75 and gave the company a "buy" rating in a report on Tuesday, July 29th. Canaccord Genuity Group increased their price target on shares of Gaming Realms from GBX 57 to GBX 67 and gave the company a "buy" rating in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of GBX 71.

Gaming Realms Price Performance

The company's fifty day moving average price is GBX 49.10 and its 200 day moving average price is GBX 46.02. The company has a market capitalization of £132.78 million, a P/E ratio of 1,569.02 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.

Gaming Realms (LON:GMR - Get Free Report) last announced its earnings results on Monday, September 8th. The company reported GBX 0.90 EPS 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.

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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