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

Shares of Gateley (Holdings) Plc (LON:GTLY - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 133.76 ($1.66) and traded as high as GBX 139 ($1.72). Gateley shares last traded at GBX 139 ($1.72), with a volume of 9,799 shares.

Gateley Stock Down 1.4 %

The company has a market cap of £178.88 million, a P/E ratio of 1,712.50 and a beta of 1.00. The company has a debt-to-equity ratio of 51.58, a quick ratio of 2.30 and a current ratio of 2.36. The business's fifty day moving average is GBX 134.18 and its two-hundred day moving average is GBX 134.61.

Insider Activity

In related news, insider Victoria Garrad sold 9,000 shares of the company's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of GBX 138 ($1.71), for a total value of £12,420 ($15,373.19). Also, insider Edward Knapp bought 11,586 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of GBX 125 ($1.55) per share, for a total transaction of £14,482.50 ($17,926.10). Insiders own 48.81% of the company's stock.

Gateley Company Profile

Gateley is an entrepreneurial professional services group at the heart of which is Gateley Legal, an English law firm established in 1808. In 2015 we became the first commercial law firm in the world to be publicly listed on the London Stock Exchange. We are a top 50 UK ranking law firm with 25 offices in the UK, Dubai and Hong Kong. With 1,500 employees and over 1,000 professional advisers, we have recruited market leaders who can provide our clients with the expertise that they need in a considered, commercial and pragmatic manner.