Gateley (LON:GTLY) Stock Crosses Below 50-Day Moving Average - Time to Sell?

Key Points

• Gateley (LON:GTLY) shares fell below their 50-day moving average of GBX 127.52, trading as low as GBX 122.50 before closing at GBX 124.88.
• Shore Capital has reaffirmed a "hold" rating for Gateley, with the stock currently having an average rating of "Hold" from analysts.
• Gateley's most recent earnings report indicated GBX 13.34 earnings per share with a net margin of 5.84% and a projected EPS of approximately 15.53 for the current year.

Gateley (Holdings) Plc (LON:GTLY - Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 127.52 ($1.72) and traded as low as GBX 122.50 ($1.66). Gateley shares last traded at GBX 124.88 ($1.69), with a volume of 137,558 shares.

Analysts Set New Price Targets

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

Gateley Stock Up 0.8%

The company has a debt-to-equity ratio of 51.58, a current ratio of 2.36 and a quick ratio of 2.30. The company has a market cap of £166.90 million, a price-to-earnings ratio of 16.15 and a beta of 1.00. The firm's 50 day simple moving average is GBX 127.27 and its 200-day simple moving average is GBX 130.98.

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 (EPS) 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 anticipate 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.