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

Key Points

• Gaming Realms shares fell below their 200-day moving average, trading at GBX 43.30 ($0.59) with a notable volume of 640,373 shares exchanged.
• Despite the decline, several analysts have maintained a positive outlook, with target price upgrades, leading to an average rating of "Buy" and a target of GBX 71.
• Insider Geoffrey Robert Green sold 200,000 shares in June, indicating that insiders own 27.83% of the company's stock.

Gaming Realms plc (LON:GMR - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 45.28 ($0.61) and traded as low as GBX 43.30 ($0.58). Gaming Realms shares last traded at GBX 43.30 ($0.58), with a volume of 640,373 shares.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GMR. Canaccord Genuity Group lifted their price objective on Gaming Realms from GBX 57 to GBX 67 and gave the stock a "buy" rating in a research note on Monday, September 8th. Peel Hunt upped their price objective on Gaming Realms from GBX 60 to GBX 75 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 71.

Gaming Realms Stock Down 0.7%

The firm has a market cap of £134.75 million, a P/E ratio of 1,592.33 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 firm has a fifty day moving average of GBX 50.59 and a 200-day moving average of GBX 45.49.

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

Insider Buying and Selling at Gaming Realms

In other news, insider Geoffrey Robert Green sold 200,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of GBX 51, for a total transaction of £102,000. Company 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.