Gateley (LON:GTLY) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Shares of Gateley (Holdings) Plc (LON:GTLY) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 133.76 ($1.66) and traded as high as GBX 139 ($1.72). Gateley shares last traded at GBX 139 ($1.72), with a volume of 9,799 shares.

Gateley Stock Performance

The company has a market capitalization of £180.84 million, a price-to-earnings ratio of 1,731.25 and a beta of 1.00. 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 stock has a 50-day simple moving average of GBX 134.18 and a 200-day simple moving average of GBX 134.61.

Insider Buying and Selling at Gateley

In other news, insider Victoria Garrad sold 9,000 shares of Gateley stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of GBX 138 ($1.71), for a total value of £12,420 ($15,373.19). Also, insider Edward Knapp purchased 11,586 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average cost of GBX 125 ($1.55) per share, for a total transaction of £14,482.50 ($17,926.10). 48.81% of the stock is currently owned by insiders.

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.