Gaming Realms (LON:GMR) Stock Price Down 4.5% – Here’s Why

Shares of Gaming Realms plc (LON:GMR) traded down 4.5% during trading on Thursday . The stock traded as low as GBX 32.54 ($0.42) and last traded at GBX 32.90 ($0.43). 1,886,501 shares changed hands during mid-day trading, an increase of 247% from the average session volume of 543,671 shares. The stock had previously closed at GBX 34.45 ($0.45).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 50 ($0.65) target price on shares of Gaming Realms in a research report on Wednesday, September 11th.

Gaming Realms Trading Down 4.5 %

The firm has a fifty day moving average of GBX 38.90 and a two-hundred day moving average of GBX 37.66. The company has a market cap of £97.00 million, a PE ratio of 1,640.00 and a beta of 1.42. The company has a current ratio of 4.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.51.

About Gaming Realms

Gaming Realms plc develops, publishes, and licenses mobile gaming content in the United Kingdom, the United States, Isle of Man, Malta, Gibraltar, and internationally. The company operates through two segments, Licensing and Social Publishing. The Licensing segment is involved in brand and content licensing to partners.