Gateley (LON:GTLY) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Gateley (Holdings) Plc (LON:GTLY)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 135.50 ($1.75) and traded as high as GBX 140 ($1.81). Gateley shares last traded at GBX 138.10 ($1.78), with a volume of 40,001 shares trading hands.

Gateley Stock Performance

The business’s 50 day simple moving average is GBX 135.60 and its two-hundred day simple moving average is GBX 134.77. The company has a current ratio of 2.36, a quick ratio of 2.30 and a debt-to-equity ratio of 51.58. The firm has a market capitalization of £181.59 million, a P/E ratio of 17.57 and a beta of 1.00.

Gateley (LON:GTLY) last announced 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 net margin of 5.84% and a return on equity of 12.31%. Sell-side analysts anticipate that Gateley will post 15.5253837 EPS for the current fiscal year.

Gateley Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 20th will be issued a dividend of GBX 3.30 ($0.04) per share. This represents a dividend yield of 2.55%. The ex-dividend date is Thursday, February 20th. Gateley’s 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.