Gaming Realms (LON:GMR) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Gaming Realms plc (LON:GMR)’s share 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 Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 50 ($0.62) price objective on shares of Gaming Realms in a research report on Wednesday, September 11th.

Gaming Realms Stock Performance

The company has a market cap of £104.74 million, a price-to-earnings ratio of 1,776.20 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 0.51. The stock’s 50 day moving average price is GBX 36.19 and its 200 day moving average price is GBX 37.71.

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.