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

Gateley (Holdings) Plc (LON:GTLY) 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.

Gateley Stock Performance

The company has a debt-to-equity ratio of 51.58, a quick ratio of 2.30 and a current ratio of 2.36. The stock has a market cap of £180.25 million, a P/E ratio of 17.44 and a beta of 1.00. The stock has a fifty day simple moving average of GBX 136.21 and a 200-day simple moving average of GBX 134.65.

Gateley (LON:GTLY) last released its earnings results on Wednesday, January 15th. The company reported GBX 6.64 ($0.09) earnings per share for the quarter. Gateley had a return on equity of 12.31% and a net margin of 5.84%. On average, equities analysts expect that Gateley will post 15.5253837 earnings per share for the current 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 paid a GBX 3.30 ($0.04) dividend. This represents a yield of 2.55%. The ex-dividend date of this dividend was Thursday, February 20th. Gateley’s dividend payout ratio (DPR) 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.