Gateley (LON:GTLY) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Gateley (Holdings) Plc (LON:GTLY) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 136 ($1.72) and traded as high as GBX 139 ($1.76). Gateley shares last traded at GBX 136.50 ($1.72), with a volume of 62,153 shares changing hands.

Gateley Price Performance

The business has a 50-day simple moving average of GBX 136 and a 200 day simple moving average of GBX 134.54. The firm has a market cap of £182.25 million, a P/E ratio of 17.63 and a beta of 1.00. The company has a debt-to-equity ratio of 51.58, a quick ratio of 2.30 and a current ratio of 2.36.

Gateley (LON:GTLY) last released its quarterly earnings results 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, analysts anticipate that Gateley will post 15.5253837 earnings per share for the current fiscal year.

Gateley Cuts Dividend

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