Gaming Realms (LON:GMR) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Gaming Realms plc (LON:GMR)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 37.63 ($0.49) and traded as low as GBX 32.21 ($0.42). Gaming Realms shares last traded at GBX 33.10 ($0.43), with a volume of 194,636 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 50 ($0.65) price objective on shares of Gaming Realms in a research report on Wednesday, September 11th.

Gaming Realms Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.51, a current ratio of 4.47 and a quick ratio of 1.23. The firm’s 50 day moving average price is GBX 37.89 and its two-hundred day moving average price is GBX 37.57. The firm has a market cap of £97.00 million, a price-to-earnings ratio of 1,645.00 and a beta of 1.42.

About Gaming Realms

Gaming Realms plc develops, publishes, and licenses mobile gaming content in the United Kingdom, the United States, Isle of Man, Malta, Gibraltar, and internationally. The company operates through two segments, Licensing and Social Publishing. The Licensing segment is involved in brand and content licensing to partners.