Gateley (LON:GTLY) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Gateley (Holdings) Plc (LON:GTLY) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 136.33 ($1.71) and traded as low as GBX 135.55 ($1.70). Gateley shares last traded at GBX 136 ($1.71), with a volume of 22,745 shares changing hands.

Gateley Trading Down 0.1 %

The company has a debt-to-equity ratio of 51.58, a current ratio of 2.36 and a quick ratio of 2.30. The stock has a market cap of £181.32 million, a price-to-earnings ratio of 17.54 and a beta of 1.00. The company’s fifty day moving average price is GBX 136.33 and its 200-day moving average price is GBX 134.38.

Gateley (LON:GTLY) last released its quarterly earnings data on Wednesday, January 15th. The company reported GBX 6.64 ($0.08) EPS for the quarter. Gateley had a return on equity of 12.31% and a net margin of 5.84%. On average, research analysts expect that Gateley will post 15.5253837 EPS for the current fiscal year.

Gateley Cuts Dividend

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