Gear4music (LON:G4M) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Gear4music (Holdings) plc (LON:G4MGet Free Report)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 253.08 and traded as high as GBX 273.41. Gear4music shares last traded at GBX 273.41, with a volume of 1,897 shares.

Gear4music Stock Down 0.6%

The firm has a market capitalization of £57.35 million, a price-to-earnings ratio of 7.83, a P/E/G ratio of 0.78 and a beta of 1.01. The stock has a fifty day moving average of GBX 253.08 and a two-hundred day moving average of GBX 269.13. 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:G4MGet Free Report) last announced its earnings results on Wednesday, June 24th. The company reported GBX 34.90 earnings per share (EPS) for the quarter. The business had revenue of £190.75 million during the quarter. Gear4music had a return on equity of 16.69% and a net margin of 3.84%. Sell-side analysts anticipate that Gear4music will post 22.0105125 earnings per share for the current year.

Insider Buying and Selling at Gear4music

In related news, insider Christopher (Chris) David Scott acquired 6,823 shares of the stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of GBX 293 per share, for a total transaction of £19,991.39. Insiders own 28.67% of the company’s stock.

About Gear4music

(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.

Further Reading

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