Gaming Realms (LON:GMR) Trading Down 11.5% - Here's Why

Key Points

• Gaming Realms shares fell by 11.5%, hitting a low of GBX 41.20 ($0.56) on Monday, amidst a trading volume increase of 193% compared to its average.
• Despite the decline, analysts remain optimistic, with a buy rating from multiple firms and an average price target of GBX 64.
• Insider activity was noted as Geoffrey Robert Green sold 200,000 shares at an average price of GBX 51, indicating some movement in stock ownership.

Gaming Realms plc (LON:GMR - Get Free Report)'s share price traded down 11.5% on Monday . The stock traded as low as GBX 41.20 ($0.56) and last traded at GBX 44.60 ($0.60). 2,463,807 shares were traded during mid-day trading, an increase of 193% from the average session volume of 840,212 shares. The stock had previously closed at GBX 50.40 ($0.68).

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Peel Hunt upped their target price on shares of Gaming Realms from GBX 60 to GBX 75 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Canaccord Genuity Group increased 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. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of GBX 64.

Gaming Realms Trading Down 11.5%

The firm has a market capitalization of £131.51 million, a PE ratio of 1,554.01 and a beta of 1.42. The stock's 50-day moving average price is GBX 51.89 and its 200 day moving average price is GBX 44.94. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.47 and a quick ratio of 1.23.

Gaming Realms (LON:GMR - Get Free Report) last issued its quarterly earnings data on Monday, September 8th. The company reported GBX 0.90 earnings per share (EPS) for the quarter. Gaming Realms had a net margin of 26.35% and a return on equity of 25.57%. On average, sell-side analysts expect that Gaming Realms plc will post 3.6954315 EPS for the current fiscal year.

Insider Activity at Gaming Realms

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