Gaming Realms (LON:GMR) Releases Quarterly Earnings Results

Gaming Realms (LON:GMR) released its quarterly earnings data on Monday. The company reported GBX 3 ($0.04) earnings per share for the quarter, Digital Look Earnings reports. Gaming Realms had a return on equity of 25.57% and a net margin of 26.35%.

Gaming Realms Stock Up 1.1 %

GMR stock opened at GBX 37.50 ($0.48) on Wednesday. The business has a 50-day moving average of GBX 37.22 and a 200-day moving average of GBX 36.77. Gaming Realms has a fifty-two week low of GBX 29.45 ($0.38) and a fifty-two week high of GBX 43 ($0.56). The stock has a market capitalization of £110.28 million, a P/E ratio of 16.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.14, a current ratio of 4.47 and a quick ratio of 1.23.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price target on shares of Gaming Realms from GBX 50 ($0.65) to GBX 57 ($0.74) and gave the company a “buy” rating in a research note on Monday.

About Gaming Realms

Gaming Realms creates and licenses innovative games for mobile, with operations in the UK, U.S. and Canada. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.