Gaming Realms (LON:GMR) Stock Price Down 11.5% - What's Next?

Key Points

• Gaming Realms' stock experienced a significant drop of 11.5%, trading as low as GBX 41.20 ($0.56) amid a surge in trading volume.
• Analysts have a consensus "Buy" rating for Gaming Realms with price targets increasing to GBX 67 and GBX 75 from Canaccord Genuity and Peel Hunt, respectively.
• The company's last quarterly earnings showed a net margin of 26.35%, with an EPS of GBX 0.90 reported on September 8th.

Gaming Realms plc (LON:GMR - Get Free Report) traded down 11.5% during mid-day trading on Monday . The company traded as low as GBX 41.20 ($0.56) and last traded at GBX 44.60 ($0.60). 2,481,307 shares changed hands during mid-day trading, an increase of 195% from the average session volume of 840,314 shares. The stock had previously closed at GBX 50.40 ($0.68).

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Canaccord Genuity Group boosted their price objective on shares of Gaming Realms from GBX 57 to GBX 67 and gave the company a "buy" rating in a report on Monday. Peel Hunt boosted their price objective 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. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Gaming Realms has a consensus rating of "Buy" and an average price target of GBX 64.

Gaming Realms Stock Performance

The company has a market cap of £131.51 million, a P/E ratio of 1,554.01 and a beta of 1.42. 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 stock's fifty day moving average price is GBX 51.89 and its two-hundred day moving average price is GBX 44.94.

Gaming Realms (LON:GMR - Get Free Report) last issued its quarterly earnings data 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, equities analysts predict that Gaming Realms plc will post 3.6954315 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Geoffrey Robert Green sold 200,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of GBX 51, for a total value of £102,000. 27.83% of the stock is currently owned by insiders.

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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