Gaming Realms (LON:GMR) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Gaming Realms plc (LON:GMR) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 ($0.62) target price on shares of Gaming Realms in a research report on Wednesday, September 11th.

Gaming Realms Stock Down 1.9 %

The stock 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 firm’s 50 day moving average is GBX 36.19 and its two-hundred day moving average 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.