Gaming Realms (LON:GMR) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Gaming Realms plc (LON:GMR) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 37.67 ($0.49) and traded as low as GBX 33.18 ($0.43). Gaming Realms shares last traded at GBX 34.70 ($0.45), with a volume of 433,577 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 50 ($0.65) target price on shares of Gaming Realms in a research note on Wednesday, September 11th.

Gaming Realms Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.23 and a current ratio of 4.47. The firm has a fifty day simple moving average of GBX 39.02 and a 200 day simple moving average of GBX 37.67. The company has a market capitalization of £105.84 million, a PE ratio of 1,735.00 and a beta of 1.42.

Gaming Realms Company Profile

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.