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Gateley (LON:GTLY) Share Price Crosses Above 50 Day Moving Average - Here's What Happened

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Gateley (Holdings) Plc (LON:GTLY - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 135.50 ($1.75) and traded as high as GBX 140 ($1.81). Gateley shares last traded at GBX 138.10 ($1.78), with a volume of 40,001 shares.

Gateley Trading Down 1.4 %

The company's fifty day simple moving average is GBX 135.60 and its 200-day simple moving average is GBX 134.74. The firm has a market capitalization of £181.59 million, a PE ratio of 17.57 and a beta of 1.00. The company has a debt-to-equity ratio of 51.58, a current ratio of 2.36 and a quick ratio of 2.30.

Gateley (LON:GTLY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The company reported GBX 6.64 ($0.09) earnings per share for the quarter. Gateley had a net margin of 5.84% and a return on equity of 12.31%. As a group, sell-side analysts expect that Gateley will post 15.5253837 earnings per share for the current fiscal year.

Gateley Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 20th will be paid a GBX 3.30 ($0.04) dividend. This represents a dividend yield of 2.55%. The ex-dividend date is Thursday, February 20th. Gateley's dividend payout ratio is currently 129.17%.

About Gateley

(Get Free Report)

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.

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