Gateley (LON:GTLY) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Gateley (Holdings) Plc (LON:GTLY)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 132.46 ($1.72) and traded as high as GBX 133 ($1.73). Gateley shares last traded at GBX 130.70 ($1.70), with a volume of 38,815 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “hold” rating on shares of Gateley in a report on Tuesday, July 16th.

Gateley Trading Down 0.6 %

The business’s fifty day moving average is GBX 132.46 and its 200-day moving average is GBX 131.99. The stock has a market capitalization of £170.65 million, a PE ratio of 1,633.75 and a beta of 1.00. The company has a quick ratio of 2.30, a current ratio of 2.36 and a debt-to-equity ratio of 51.58.

Insiders Place Their Bets

In other Gateley news, insider Edward Knapp bought 11,586 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average price of GBX 125 ($1.63) per share, with a total value of £14,482.50 ($18,852.51). In related news, insider Edward Knapp purchased 11,586 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was purchased at an average price of GBX 125 ($1.63) per share, for a total transaction of £14,482.50 ($18,852.51). Also, insider Victoria Garrad sold 9,000 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of GBX 138 ($1.80), for a total transaction of £12,420 ($16,167.66). 48.81% of the stock is owned by insiders.

About Gateley

Gateley (Holdings) Plc, together with its subsidiaries, provides commercial legal and consultancy services in the United Kingdom, Europe, the Middle East, North and South America, Asia, and internationally. It operates through four segments: Corporate, Business Services, People, and Property. The company offers a range of services, such as legal, banking, corporate, restructuring advisory, taxation, commercial, commercial dispute resolution, complex international litigation, reputation, media, and privacy law services.