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

Shares of Gaming Realms plc (LON:GMR - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 37.16 ($0.48) and traded as high as GBX 39.60 ($0.51). Gaming Realms shares last traded at GBX 38.95 ($0.50), with a volume of 410,015 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 50 ($0.64) target price on shares of Gaming Realms in a research report on Wednesday, September 11th.

Gaming Realms Trading Down 2.4 %

The firm has a market cap of £112.04 million, a PE ratio of 1,915.00 and a beta of 1.42. The company's fifty day moving average price is GBX 37.12 and its two-hundred day moving average price is GBX 38.04. The company has a quick ratio of 1.23, a current ratio of 4.47 and a debt-to-equity ratio of 0.51.

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.