Gaming Realms (LON:GMR) Stock Price Down 12.7% - Here's What Happened

Key Points

• Gaming Realms' stock price dropped 12.7% on Monday, closing at GBX 44 ($0.59), as trading volume surged to 2,774,723 shares, a 230% increase from average levels.
• Analysts from Peel Hunt and Canaccord Genuity have set new price targets, raising their estimates to GBX 75 and GBX 67 respectively, both maintaining a "buy" rating for the stock.
• As of the latest earnings report, Gaming Realms reported an EPS of GBX 0.90 with a significant net margin of 26.35% and a strong return on equity of 25.57%.

Gaming Realms plc (LON:GMR - Get Free Report)'s share price fell 12.7% on Monday . The stock traded as low as GBX 41.20 ($0.56) and last traded at GBX 44 ($0.59). 2,774,723 shares were traded during trading, an increase of 230% from the average session volume of 842,010 shares. The stock had previously closed at GBX 50.40 ($0.68).

Analysts Set New Price Targets

A number of equities analysts have commented on GMR shares. Peel Hunt lifted their price objective on shares of Gaming Realms from GBX 60 to GBX 75 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Canaccord Genuity Group increased their target price on Gaming Realms from GBX 57 to GBX 67 and gave the stock a "buy" rating in a report on Monday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Gaming Realms currently has an average rating of "Buy" and a consensus target price of GBX 64.

Gaming Realms Stock Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 4.47 and a quick ratio of 1.23. The business has a 50-day simple moving average of GBX 51.89 and a 200 day simple moving average of GBX 44.94. The firm has a market cap of £129.74 million, a PE ratio of 1,533.10 and a beta of 1.42.

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%. Equities research analysts forecast that Gaming Realms plc will post 3.6954315 EPS for the current year.

Insider Buying and Selling at Gaming Realms

In other Gaming Realms news, insider Geoffrey Robert Green sold 200,000 shares of Gaming Realms stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of GBX 51, for a total transaction of £102,000. 27.83% of the stock is 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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