Gateley (LON:GTLY) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Gateley (Holdings) Plc (LON:GTLY)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 71.64 and traded as low as GBX 58. Gateley shares last traded at GBX 59, with a volume of 65,485 shares changing hands.

Gateley Trading Up 1.7%

The company has a market capitalization of £81.08 million, a PE ratio of 18.18 and a beta of 0.33. The company has a current ratio of 3.40, a quick ratio of 2.30 and a debt-to-equity ratio of 104.94. The stock has a fifty day moving average of GBX 57.97 and a two-hundred day moving average of GBX 71.64.

Gateley (LON:GTLY) last issued its earnings results on Tuesday, July 21st. The company reported GBX 11.48 earnings per share (EPS) for the quarter. Gateley had a return on equity of 4.61% and a net margin of 1.53%. As a group, sell-side analysts anticipate that Gateley will post 15.5253837 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Gateley news, insider Martin Pike bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were bought at an average price of GBX 58 per share, for a total transaction of £29,000. 4.78% of the stock is currently owned by insiders.

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.