Gateley (LON:GTLY) Stock Price Crosses Above 50-Day Moving Average - Here's What Happened

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)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 126.54 ($1.73) and traded as high as GBX 131 ($1.79). Gateley shares last traded at GBX 128 ($1.75), with a volume of 101,687 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a "hold" rating on shares of Gateley in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".

Gateley Price Performance

The company has a fifty day simple moving average of GBX 126.25 and a 200 day simple moving average of GBX 130.06. The company has a debt-to-equity ratio of 51.58, a quick ratio of 2.30 and a current ratio of 2.36. The stock has a market capitalization of £165.77 million, a price-to-earnings ratio of 12,352.94 and a beta of 1.00.

Gateley (LON:GTLY - Get Free Report) last posted 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%. Equities research analysts forecast that Gateley will post 15.5253837 EPS for the current fiscal year.

Gateley Company Profile

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.