Gateley (LON:GTLY) Shares Cross Below 50 Day Moving Average – What’s Next?

Gateley (Holdings) Plc (LON:GTLY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 110.95 and traded as low as GBX 103. Gateley shares last traded at GBX 103.04, with a volume of 76,978 shares.

Gateley Trading Down 1.9%

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 £138.06 million, a price-to-earnings ratio of 101.02 and a beta of 1.00. The firm’s fifty day moving average is GBX 110.95 and its 200-day moving average is GBX 121.43.

Gateley (LON:GTLY) last issued its quarterly earnings results on Tuesday, December 9th. The company reported GBX 5.67 earnings per share for the quarter. Gateley had a return on equity of 12.31% and a net margin of 5.84%. Equities analysts anticipate that Gateley will post 15.5253837 earnings per share for the current year.

Insider Buying and Selling

In other Gateley news, insider Martin Pike bought 40,000 shares of the stock in a transaction on Tuesday, October 7th. The stock was acquired at an average cost of GBX 129 per share, for a total transaction of £51,600. Also, insider Neil Andrew Smith sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of GBX 116, for a total value of £116,000. Insiders own 4.68% of the company’s stock.

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.