Gaming Realms (LON:GMR) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Gaming Realms plc (LON:GMRGet Free Report)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 36.38 ($0.46) and traded as low as GBX 35 ($0.44). Gaming Realms shares last traded at GBX 35.40 ($0.45), with a volume of 44,059 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 50 ($0.63) target price on shares of Gaming Realms in a research note on Wednesday, September 11th.

Read Our Latest Stock Report on Gaming Realms

Gaming Realms Trading Down 2.3 %

The firm’s 50-day simple moving average is GBX 36.38 and its 200-day simple moving average is GBX 37.57. The firm has a market capitalization of £104.37 million, a PE ratio of 1,770.00 and a beta of 1.42. The company has a quick ratio of 1.23, a current ratio of 4.47 and a debt-to-equity ratio of 0.51.

About Gaming Realms

(Get Free Report)

Gaming Realms creates and licenses innovative games for mobile, with operations in the UK, U.S. and Canada. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.

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