Gateley (LON:GTLY) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Gateley (Holdings) Plc (LON:GTLY) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 135.57 ($1.79) and traded as low as GBX 125.95 ($1.66). Gateley shares last traded at GBX 127 ($1.67), with a volume of 134,315 shares trading hands.

Gateley Stock Performance

The firm has a fifty day simple moving average of GBX 135.57 and a 200-day simple moving average of GBX 134.20. 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 cap of £172.24 million, a PE ratio of 16.66 and a beta of 1.00.

Gateley (LON:GTLY) last released 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 return on equity of 12.31% and a net margin of 5.84%. On average, research analysts forecast that Gateley will post 15.5253837 EPS for the current fiscal year.

Gateley Cuts Dividend

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