Gateley (LON:GTLY) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Gateley (Holdings) Plc (LON:GTLY)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 131.47 ($1.65) and traded as high as GBX 140 ($1.76). Gateley shares last traded at GBX 139.10 ($1.74), with a volume of 24,175 shares traded.

Gateley Stock Up 0.1 %

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 cap of £181.62 million, a PE ratio of 1,738.75 and a beta of 1.00. The firm has a fifty day moving average of GBX 131.47 and a 200 day moving average of GBX 134.76.

Insider Activity at Gateley

In other Gateley 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 ($1.73), for a total value of £12,420 ($15,577.57). Also, insider Edward Knapp acquired 11,586 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of GBX 125 ($1.57) per share, for a total transaction of £14,482.50 ($18,164.43). 48.81% of the stock is currently owned by corporate 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.