Gateley (LON:GTLY) Shares Pass Below 50-Day Moving Average Following Insider Selling

Shares of Gateley (Holdings) Plc (LON:GTLY) passed below its 50-day moving average during trading on Friday following insider selling activity. The stock has a 50-day moving average of GBX 123.70 and traded as low as GBX 112. Gateley shares last traded at GBX 114.78, with a volume of 249,287 shares trading hands.

Specifically, insider Neil Andrew Smith sold 100,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of GBX 116, for a total transaction of £116,000.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “hold” rating on shares of Gateley in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Gateley currently has an average rating of “Hold”.

Gateley Trading Up 1.1%

The company has a market capitalization of £153.79 million, a P/E ratio of 112.53 and a beta of 1.00. The company has a debt-to-equity ratio of 51.58, a quick ratio of 2.30 and a current ratio of 2.36. The company’s fifty day simple moving average is GBX 123.70 and its 200-day simple moving average is GBX 126.90.

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.