Gaming Realms (LON:GMR) Trading Down 10.8% - What's Next?

Key Points

• Gaming Realms plc saw a significant stock price decline of 10.8%, closing at GBX 44.94 ($0.61) after trading as low as GBX 41.20 ($0.56).
• Despite the recent drop, several analysts have rated the stock as a "buy," with target prices raised by Canaccord Genuity Group and Peel Hunt to GBX 67 and GBX 75, respectively.
• Gaming Realms reported a net margin of 26.35% and anticipates an earnings per share of approximately 3.70 for the current fiscal year.

Gaming Realms plc (LON:GMR - Get Free Report)'s stock price fell 10.8% on Monday . The company traded as low as GBX 41.20 ($0.56) and last traded at GBX 44.94 ($0.61). 2,790,832 shares changed hands during trading, an increase of 231% from the average session volume of 842,103 shares. The stock had previously closed at GBX 50.40 ($0.68).

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Canaccord Genuity Group upped their target price on 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 target on Gaming Realms from GBX 60 to GBX 75 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Gaming Realms has a consensus rating of "Buy" and a consensus price target of GBX 64.

Gaming Realms Stock Down 12.1%

The company has a fifty day moving average of GBX 51.89 and a two-hundred day moving average of GBX 44.94. The company has a market cap of £130.69 million, a PE ratio of 1,544.32 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.

Gaming Realms (LON:GMR - Get Free Report) last released its quarterly earnings results 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, analysts anticipate that Gaming Realms plc will post 3.6954315 earnings per share for the current fiscal year.

Insider Activity at Gaming Realms

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

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