Gateley (LON:GTLY) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Gateley shares fell below their 200-day moving average, hitting as low as GBX 70 before last trading at GBX 72. The stock’s 200-day average is GBX 92.64, highlighting recent weakness in the share price.
• The company has a market cap of £97.30 million and trades with a P/E ratio of 21.82 and a beta of 0.34. Its short-term average is near current levels, with the 50-day moving average at GBX 71.08.
• Gateley is a UK-based professional services and law firm group with 1,500 employees and more than 1,000 professional advisers. It was the first commercial law firm to be publicly listed on the London Stock Exchange in 2015.

Shares of Gateley (Holdings) Plc (LON:GTLY - ) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 92.64 and traded as low as GBX 70. Gateley shares last traded at GBX 72, with a volume of 587,026 shares trading hands.

Gateley Trading Up 1.4%

The company has a market cap of £97.30 million, a P/E ratio of 21.82 and a beta of 0.34. The firm's 50 day moving average is GBX 71.08 and its two-hundred day moving average is GBX 92.64. The company has a quick ratio of 2.30, a current ratio of 4.01 and a debt-to-equity ratio of 80.67.

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.

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