Gateley (LON:GTLY) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of Gateley (Holdings) Plc (LON:GTLY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “hold” rating on shares of Gateley in a research note on Tuesday, July 16th.

Gateley Stock Performance

The firm has a market capitalization of £170.65 million, a price-to-earnings ratio of 1,633.75 and a beta of 1.00. The company has a 50-day moving average of GBX 132.46 and a 200-day moving average of GBX 131.99. The company has a current ratio of 2.36, a quick ratio of 2.30 and a debt-to-equity ratio of 51.58.

Insider Transactions at Gateley

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

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.