Gateley (LON:GTLY) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Gateley (Holdings) Plc (LON:GTLY) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 134.65 ($1.74) and traded as low as GBX 132.50 ($1.71). Gateley shares last traded at GBX 135 ($1.74), with a volume of 140,322 shares traded.

Gateley Price 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 company has a market capitalization of £180.25 million, a PE ratio of 17.44 and a beta of 1.00. The firm’s 50 day simple moving average is GBX 136.21 and its 200 day simple moving average is GBX 134.64.

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

Gateley Cuts Dividend

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

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.