Gear4music (LON:G4M) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Gear4music (Holdings) plc (LON:G4M)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 277.63 and traded as low as GBX 265. Gear4music shares last traded at GBX 275.21, with a volume of 24,508 shares changing hands.

Gear4music Price Performance

The firm has a market cap of £60.62 million, a P/E ratio of 8.28, a P/E/G ratio of 0.78 and a beta of 1.00. The company has a fifty day moving average of GBX 278.21 and a 200-day moving average of GBX 264.63. The company has a debt-to-equity ratio of 41.96, a current ratio of 2.16 and a quick ratio of 0.43.

Gear4music (LON:G4M) last issued its quarterly earnings data on Wednesday, June 24th. The company reported GBX 34.90 earnings per share for the quarter. The business had revenue of £190.75 million for the quarter. Gear4music had a return on equity of 16.69% and a net margin of 3.84%. On average, sell-side analysts anticipate that Gear4music will post 22.0105125 EPS for the current fiscal year.

Insider Activity at Gear4music

In other news, insider Christopher (Chris) David Scott purchased 6,823 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average cost of GBX 293 per share, with a total value of £19,991.39. 28.67% of the stock is currently owned by corporate insiders.

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.