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Gateley (LON:GTLY) Stock Passes Below Fifty Day Moving Average - Here's What Happened

Gateley logo with Industrials background

Key Points

  • Gateley (LON:GTLY) shares have fallen below their fifty-day moving average, trading at GBX 126 ($1.66) after reaching a low of GBX 122.26 ($1.62) during the day.
  • Shore Capital has reiterated a "hold" rating for Gateley, indicating no changes in investment sentiment as of July 15th.
  • The company reported a 13.34 GBX ($0.18) earnings per share for the latest quarter, with an expected average of 15.53 GBX earnings per share for the current fiscal year.
  • MarketBeat previews the top five stocks to own by September 1st.

Shares of Gateley (Holdings) Plc (LON:GTLY - Get Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 129.20 ($1.71) and traded as low as GBX 122.26 ($1.62). Gateley shares last traded at GBX 126 ($1.66), with a volume of 10,464 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a "hold" rating on shares of Gateley in a research note on Tuesday, July 15th.

Read Our Latest Analysis on GTLY

Gateley Stock Performance

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's fifty day moving average is GBX 129.20 and its two-hundred day moving average is GBX 132.20. The firm has a market cap of £168.10 million, a price-to-earnings ratio of 16.26 and a beta of 1.00.

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

About Gateley

(Get Free Report)

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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