Gateley (LON:GTLY) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Gateley (Holdings) Plc (LON:GTLY) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 135.50 ($1.76) and traded as high as GBX 140 ($1.82). Gateley shares last traded at GBX 138.10 ($1.80), with a volume of 40,001 shares.

Gateley Price Performance

The stock has a 50-day moving average price of GBX 135.50 and a 200 day moving average price of GBX 134.74. The company has a debt-to-equity ratio of 51.58, a current ratio of 2.36 and a quick ratio of 2.30. The firm has a market cap of £184.39 million, a price-to-earnings ratio of 17.84 and a beta of 1.00.

Gateley (LON:GTLY) last released its quarterly earnings results on Wednesday, January 15th. The company reported GBX 6.64 ($0.09) earnings per share (EPS) for the quarter. Gateley had a return on equity of 12.31% and a net margin of 5.84%. As a group, equities research analysts forecast that Gateley will post 15.5253837 earnings per share for the current fiscal year.

Gateley Cuts Dividend

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

About Gateley

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.