Gateley (LON:GTLY) Stock Price Crosses Below 50-Day Moving Average - What's Next?

Key Points

• Gateley (LON:GTLY) shares have dropped below their fifty-day moving average of GBX 128.30, trading as low as GBX 120.46 recently.
• Despite the recent price drop, Shore Capital has maintained a "hold" rating on Gateley shares, indicating a lack of strong buy or sell signals as of now.
• The company reported earnings per share (EPS) of GBX 13.34 ($0.18) for the latest quarter, with analysts forecasting an EPS of approximately 15.53 for the current year.

Gateley (Holdings) Plc (LON:GTLY - Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 128.30 ($1.72) and traded as low as GBX 120.46 ($1.62). Gateley shares last traded at GBX 122.76 ($1.65), with a volume of 225,396 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "hold" rating on shares of Gateley in a report on Tuesday, July 15th.

Gateley Price Performance

The firm has a fifty day moving average of GBX 128.17 and a 200 day moving average of GBX 131.66. The company has a market capitalization of £164.90 million, a P/E ratio of 15.95 and a beta of 1.00. The company has a current ratio of 2.36, a quick ratio of 2.30 and a debt-to-equity ratio of 51.58.

Gateley (LON:GTLY - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported GBX 13.34 ($0.18) EPS for the quarter. Gateley had a return on equity of 12.31% and a net margin of 5.84%. On average, equities research analysts anticipate that Gateley will post 15.5253837 EPS for the current year.

About Gateley

Gateley is an entrepreneurial professional services group at the heart of which is Gateley Legal, an English law firm established in 1808. In 2015 we became the first commercial law firm in the world to be publicly listed on the London Stock Exchange. We are a top 50 UK ranking law firm with 25 offices in the UK, Dubai and Hong Kong. With 1,500 employees and over 1,000 professional advisers, we have recruited market leaders who can provide our clients with the expertise that they need in a considered, commercial and pragmatic manner.