Gaming Realms (LON:GMR) Shares Cross Above 50-Day Moving Average – Here’s Why

Gaming Realms plc (LON:GMR)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 36.19 ($0.45) and traded as high as GBX 37.40 ($0.47). Gaming Realms shares last traded at GBX 35.40 ($0.44), with a volume of 614,581 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 50 ($0.63) price objective on shares of Gaming Realms in a research note on Wednesday, September 11th.

Gaming Realms Stock Down 1.9 %

The company’s 50-day simple moving average is GBX 36.18 and its two-hundred day simple moving average is GBX 37.69. The firm has a market capitalization of £104.66 million, a P/E ratio of 1,775.00 and a beta of 1.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.47 and a quick ratio of 1.23.

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.