Gaming Realms (LON:GMR) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Gaming Realms plc (LON:GMR)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 36.54 ($0.48) and traded as low as GBX 36.30 ($0.48). Gaming Realms shares last traded at GBX 36.70 ($0.49), with a volume of 375,609 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target on Gaming Realms from GBX 50 ($0.66) to GBX 57 ($0.75) and gave the stock a “buy” rating in a research note on Monday, March 31st.

Gaming Realms Price Performance

The business’s 50-day simple moving average is GBX 36.98 and its 200 day simple moving average is GBX 36.54. The company has a market capitalization of £107.93 million, a P/E ratio of 16.08 and a beta of 1.42. The company has a current ratio of 4.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.14.

Gaming Realms (LON:GMR) last announced its earnings results on Monday, March 31st. The company reported GBX 3 ($0.04) EPS for the quarter. Gaming Realms had a return on equity of 25.57% and a net margin of 26.35%. As a group, sell-side analysts anticipate that Gaming Realms plc will post 3.6954315 EPS for the current year.

About Gaming Realms

Gaming Realms creates and licenses innovative games for mobile, with operations in the UK, U.S. and Canada. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.