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

Gateley (Holdings) Plc (LON:GTLY) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 trading hands.

Gateley Price Performance

The stock has a market capitalization of £181.32 million, a PE ratio of 17.54 and a beta of 1.00. 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 stock’s 50 day moving average price is GBX 136.33 and its 200-day moving average price is GBX 134.38.

Gateley (LON:GTLY) last issued its earnings results on Wednesday, January 15th. The company reported GBX 6.64 ($0.08) earnings per share (EPS) for the quarter. Gateley had a net margin of 5.84% and a return on equity of 12.31%. As a group, equities analysts forecast that Gateley will post 15.5253837 EPS for the current year.

Gateley Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 20th will be paid a GBX 3.30 ($0.04) dividend. This represents a yield of 2.55%. The ex-dividend date of this dividend is Thursday, February 20th. Gateley’s dividend payout ratio (DPR) is presently 129.17%.

Gateley Company Profile

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.