Gateley (LON:GTLY) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Shares of Gateley (Holdings) Plc (LON:GTLY) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 136.18 ($1.76) and traded as high as GBX 139.50 ($1.81). Gateley shares last traded at GBX 138.40 ($1.79), with a volume of 111,463 shares.

Gateley Stock Performance

The company has a quick ratio of 2.30, a current ratio of 2.36 and a debt-to-equity ratio of 51.58. The stock has a market capitalization of £182.92 million, a P/E ratio of 17.70 and a beta of 1.00. The business has a fifty day moving average price of GBX 136.25 and a 200-day moving average price of GBX 134.73.

Gateley (LON:GTLY) last posted its 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%. On average, sell-side analysts expect that Gateley will post 15.5253837 EPS for the current year.

Gateley Cuts Dividend

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