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

Gateley (Holdings) Plc (LON:GTLY) shares 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 changing hands.

Gateley Stock Performance

The stock has a market cap of £181.62 million, a price-to-earnings ratio of 1,738.75 and a beta of 1.00. The stock’s 50-day moving average is GBX 131.47 and its 200-day moving average is GBX 134.76. The company has a debt-to-equity ratio of 51.58, a current ratio of 2.36 and a quick ratio of 2.30.

Insider Buying and Selling

In other news, insider Edward Knapp acquired 11,586 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were bought at an average cost of GBX 125 ($1.57) per share, for a total transaction of £14,482.50 ($18,164.43). Also, insider Victoria Garrad sold 9,000 shares of the business’s stock in a transaction dated 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). 48.81% of the stock is currently owned by company insiders.

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.