Gem Diamonds (LON:GEMD) Stock Crosses Above 200-Day Moving Average of $30.99

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Shares of Gem Diamonds Limited (LON:GEMD) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.99 and traded as high as $35.90. Gem Diamonds shares last traded at $35.25, with a volume of 44,859 shares.

GEMD has been the topic of a number of recent analyst reports. Berenberg Bank upped their price target on Gem Diamonds from GBX 26 ($0.34) to GBX 31 ($0.41) and gave the stock a “hold” rating in a research report on Thursday, September 3rd. Barclays reissued an “underweight” rating on shares of Gem Diamonds in a report on Wednesday, July 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 33.50 ($0.44).

The company has a debt-to-equity ratio of 15.13, a current ratio of 1.24 and a quick ratio of 0.58. The company has a market capitalization of $48.12 million and a price-to-earnings ratio of -14.38. The business’s 50 day simple moving average is GBX 33.59 and its 200 day simple moving average is GBX 30.98.

Gem Diamonds Company Profile (LON:GEMD)

Gem Diamonds Limited explores for and develops diamond mines. The company's flagship project is the LetĀšeng mine located in the Kingdom of Lesotho. It also manufactures, sells, and markets rough and polished diamonds. In addition, the company provides technical, financial, and management consultancy services.

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