Gaming Realms (LON:GMR) Stock Passes Above 50 Day Moving Average - Here's Why

Shares of Gaming Realms plc (LON:GMR - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 39.77 ($0.54) and traded as high as GBX 46.40 ($0.62). Gaming Realms shares last traded at GBX 46.40 ($0.62), with a volume of 5,618,233 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their target price on shares of Gaming Realms from GBX 50 ($0.67) to GBX 57 ($0.77) and gave the stock a "buy" rating in a research note on Monday, March 31st.

Gaming Realms Price 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 company has a 50 day moving average price of GBX 40.24 and a 200 day moving average price of GBX 38. The firm has a market cap of £138.22 million, a PE ratio of 20.59 and a beta of 1.42.

Gaming Realms (LON:GMR - Get Free Report) last released its quarterly earnings data on Monday, March 31st. The company reported GBX 3 ($0.04) earnings per share (EPS) for the quarter. Gaming Realms had a return on equity of 25.57% and a net margin of 26.35%. Sell-side analysts expect that Gaming Realms plc will post 3.6954315 EPS for the current fiscal year.

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.