Gateley (LON:GTLY) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Gateley (LON:GTLY) shares have surpassed their 50-day moving average, trading as high as GBX 129 ($1.73) and last at GBX 128 ($1.72).
• Analysts, including Shore Capital, have maintained a "hold" rating on the stock, which currently has an average rating of "Hold" from investment analysts.
• Gateley reported a quarterly EPS of GBX 13.34 and anticipates an EPS of approximately 15.53 for the current fiscal year.

Gateley (Holdings) Plc (LON:GTLY - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 126.81 ($1.72) and traded as high as GBX 129 ($1.75). Gateley shares last traded at GBX 128 ($1.73), with a volume of 123,705 shares traded.

Analyst Ratings Changes

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

Gateley Stock Performance

The company has a market capitalization of £174.98 million, a PE ratio of 13,039.22 and a beta of 1.00. The business's fifty day moving average is GBX 126.78 and its two-hundred day moving average is GBX 130.34. 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 posted its quarterly earnings data on Tuesday, July 15th. The company reported GBX 13.34 EPS for the quarter. Gateley had a net margin of 5.84% and a return on equity of 12.31%. Equities research analysts predict that Gateley will post 15.5253837 earnings per share 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.