Gateley (LON:GTLY) Stock Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Gateley (LON:GTLY) stock has recently surpassed its 50-day moving average, trading as high as GBX 131 ($1.78) with a closing price of GBX 128 ($1.74).
• The company has a market cap of £168.40 million and reported earnings per share of GBX 13.34 for its latest quarterly results.
• Analysts currently have a consensus rating of "Hold" for Gateley, with Shore Capital reaffirming this stance in a recent report.

Gateley (Holdings) Plc (LON:GTLY - Get Free Report) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 126.54 ($1.72) and traded as high as GBX 131 ($1.78). Gateley shares last traded at GBX 128 ($1.73), with a volume of 101,687 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "hold" rating on shares of Gateley in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Gateley Trading Down 9.4%

The stock's 50 day moving average is GBX 125.94 and its two-hundred day moving average is GBX 129.96. The company has a market capitalization of £165.77 million, a PE ratio of 12,352.94 and a beta of 1.00. The company has a quick ratio of 2.30, a current ratio of 2.36 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 earnings per share for the quarter. Gateley had a net margin of 5.84% and a return on equity of 12.31%. As a group, sell-side analysts predict that Gateley will post 15.5253837 EPS for the current fiscal 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.