Gateley (LON:GTLY) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Gateley (Holdings) Plc (LON:GTLY) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 133.76 ($1.66) and traded as high as GBX 139 ($1.72). Gateley shares last traded at GBX 139 ($1.72), with a volume of 9,799 shares traded.

Gateley Stock Up 1.1 %

The stock has a market cap of £180.84 million, a P/E ratio of 1,731.25 and a beta of 1.00. The stock’s fifty day simple moving average is GBX 134.18 and its 200-day simple moving average is GBX 134.61. 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 Activity at Gateley

In other Gateley news, insider Victoria Garrad sold 9,000 shares of Gateley stock in a transaction on Monday, October 7th. The stock was sold at an average price of GBX 138 ($1.71), for a total transaction of £12,420 ($15,373.19). Also, insider Edward Knapp purchased 11,586 shares of Gateley stock in a transaction on Wednesday, October 30th. The shares were acquired at an average price of GBX 125 ($1.55) per share, with a total value of £14,482.50 ($17,926.10). Insiders own 48.81% of the company’s stock.

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.