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Gateley (LON:GTLY) Stock Passes Above 50 Day Moving Average - Here's Why

Gateley logo with Industrials background

Shares of Gateley (Holdings) Plc (LON:GTLY - Get Free Report) passed 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 traded.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on GTLY

Gateley Price Performance

The company has a 50 day moving average price of GBX 132.46 and a 200 day moving average price of GBX 131.91. The company has a debt-to-equity ratio of 51.58, a current ratio of 2.36 and a quick ratio of 2.30. The firm has a market cap of £170.65 million, a PE ratio of 1,633.75 and a beta of 1.00.

Insider Buying and Selling

In related news, insider Edward Knapp bought 11,586 shares of the company's stock in a transaction that occurred on 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 other Gateley news, insider Edward Knapp bought 11,586 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost 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 transaction of £12,420 ($16,167.66). Corporate insiders own 48.81% of the company's stock.

Gateley Company Profile

(Get Free Report)

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.

Further Reading

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