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

Key Points

• Gaming Realms plc's stock price dropped 11.5% during mid-day trading, reaching as low as GBX 41.20 ($0.56) from a previous close of GBX 50.40 ($0.68).
• Brokerages have upgraded their ratings, with Peel Hunt raising their target price from GBX 60 to GBX 75 and Canaccord Genuity increasing theirs from GBX 57 to GBX 67, both maintaining a "buy" rating.
• The company's recent earnings report highlighted a net margin of 26.35% and a return on equity of 25.57%, with expectations to post approximately 3.70 EPS for the current fiscal year.

Gaming Realms plc (LON:GMR - Get Free Report)'s stock price fell 11.5% during mid-day trading on Tuesday . 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 mid-day 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).

Analyst Ratings Changes

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

Gaming Realms Trading Down 3.5%

The firm has a market capitalization of £126.92 million, a PE ratio of 1,499.83 and a beta of 1.42. The company has a current ratio of 4.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average price of GBX 51.76 and a two-hundred day moving average price of GBX 44.99.

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

Insider Transactions at Gaming Realms

In related news, insider Geoffrey Robert Green sold 200,000 shares of the firm's 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. 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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