Gaming Realms (LON:GMR) Sets New 52-Week Low – Time to Sell?

Shares of Gaming Realms plc (LON:GMR) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 29 and last traded at GBX 29.90, with a volume of 1292107 shares trading hands. The stock had previously closed at GBX 29.50.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 56 target price on shares of Gaming Realms in a report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 56.

Gaming Realms Price Performance

The company has a market cap of £81.95 million, a PE ratio of 15.81 and a beta of 0.53. The company has a quick ratio of 1.23, a current ratio of 4.88 and a debt-to-equity ratio of 1.91. The firm has a 50 day simple moving average of GBX 30.62 and a 200-day simple moving average of GBX 31.62.

Gaming Realms Company Profile

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.