Gaming Realms (LON:GMR) Trading Down 11.5% - Time to Sell?

Key Points

• Gaming Realms' share price has decreased by 11.5% to GBX 44.60 ($0.60) with a significant trading volume of 2,481,307 shares, far exceeding its average.
• Analysts maintain a consensus "Buy" rating for the stock, with price targets raised, indicating positive future expectations despite the recent downturn.
• The company reported a net margin of 26.35% for its latest quarter, highlighting solid profitability, despite having a high price-to-earnings ratio of 1,554.01.

Gaming Realms plc (LON:GMR - Get Free Report)'s share price traded down 11.5% during trading on Monday . The stock traded as low as GBX 41.20 ($0.56) and last traded at GBX 44.60 ($0.60). 2,481,307 shares were traded during 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

GMR has been the subject of a number of recent analyst reports. Peel Hunt raised their price target 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 raised their price objective on shares of Gaming Realms from GBX 57 to GBX 67 and gave the stock a "buy" rating in a report on Monday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Gaming Realms currently has a consensus rating of "Buy" and a consensus target price of GBX 64.

Gaming Realms Stock Down 11.5%

The company has a market capitalization of £131.51 million, a price-to-earnings ratio of 1,554.01 and a beta of 1.42. The stock's fifty day simple moving average is GBX 51.76 and its two-hundred day simple moving average is GBX 44.99. 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 posted 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%. On average, sell-side analysts predict that Gaming Realms plc will post 3.6954315 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gaming Realms news, insider Geoffrey Robert Green sold 200,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.