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

Gear4music (Holdings) plc (LON:G4MGet Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 257.81 and traded as high as GBX 278. Gear4music shares last traded at GBX 276.51, with a volume of 15,459 shares traded.

Gear4music Stock Performance

The company has a debt-to-equity ratio of 41.96, a quick ratio of 0.43 and a current ratio of 2.16. The firm’s 50 day simple moving average is GBX 257.81 and its 200 day simple moving average is GBX 268.39. The firm has a market capitalization of £58.00 million, a price-to-earnings ratio of 7.92, a PEG ratio of 0.78 and a beta of 1.01.

Gear4music (LON:G4MGet Free Report) last released its quarterly earnings data on Wednesday, June 24th. The company reported GBX 34.90 EPS for the quarter. The business had revenue of £190.75 million for the quarter. Gear4music had a net margin of 3.84% and a return on equity of 16.69%. Sell-side analysts forecast that Gear4music will post 22.0105125 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Christopher (Chris) David Scott purchased 6,823 shares of the business’s stock in a transaction 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. Insiders own 28.67% of the company’s stock.

Gear4music Company Profile

(Get Free Report)

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.

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