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

Gaming Realms plc (LON:GMR - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 46.10 ($0.63) and traded as high as GBX 53 ($0.72). Gaming Realms shares last traded at GBX 52 ($0.71), with a volume of 971,793 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price target on Gaming Realms from GBX 50 ($0.68) to GBX 57 ($0.78) and gave the stock a "buy" rating in a research report on Monday, March 31st.

Gaming Realms Stock Down 0.4%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 4.47. The firm has a fifty day simple moving average of GBX 46.10 and a 200-day simple moving average of GBX 39.94. The firm has a market cap of £152.34 million, a price-to-earnings ratio of 22.69 and a beta of 1.42.

Gaming Realms (LON:GMR - Get Free Report) last announced its earnings results on Monday, March 31st. The company reported GBX 3 ($0.04) 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 expect 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 Gaming Realms stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of GBX 51 ($0.70), for a total transaction of £102,000 ($139,249.15). Company insiders own 27.35% of the company's stock.

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.