Gear4music (LON:G4M) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Shares of Gear4music (Holdings) plc (LON:G4M) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 245.77 and traded as low as GBX 231.50. Gear4music shares last traded at GBX 231.50, with a volume of 8,978 shares.

Gear4music Stock Performance

The stock has a market capitalization of £48.25 million, a P/E ratio of 12.23, a PEG ratio of 0.78 and a beta of 1.00. The firm has a 50-day moving average of GBX 245.77 and a 200 day moving average of GBX 279.04. The company has a quick ratio of 0.43, a current ratio of 2.19 and a debt-to-equity ratio of 65.20.

Gear4music Company Profile

Operating from a Head Office in York, Distribution Centres in York, Bacup, Sweden, Germany, Ireland & Spain, and showrooms in York, Bacup, Sweden & Germany, the Group sells own-brand musical instruments and music equipment alongside premium third-party brands including Fender, Yamaha and Roland, to customers ranging from beginners to musical enthusiasts and professionals, in the UK, Europe and the Rest of the World.

Having developed its own e-commerce platform, with multilingual, multicurrency websites delivering to over 190 countries, the Group continues to build its overseas presence.