Gear4music (LON:G4M) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Gear4music (Holdings) plc (LON:G4MGet Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 280.52 and traded as high as GBX 295. Gear4music shares last traded at GBX 292, with a volume of 14,285 shares changing hands.

Gear4music Trading Down 3.1%

The firm has a 50-day moving average of GBX 280.66 and a two-hundred day moving average of GBX 264.96. The firm has a market capitalization of £57.94 million, a P/E ratio of 7.91, a P/E/G ratio of 0.78 and a beta of 1.00. The company has a current ratio of 2.16, a quick ratio of 0.43 and a debt-to-equity ratio of 41.96.

Gear4music (LON:G4MGet Free Report) last released its earnings results on Wednesday, June 24th. The company reported GBX 34.90 earnings per share (EPS) for the quarter. The firm 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, analysts anticipate that Gear4music will post 22.0105125 EPS for the current year.

Insider Transactions at Gear4music

In related news, insider Christopher (Chris) David Scott acquired 6,823 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average cost of GBX 293 per share, for a total transaction of £19,991.39. 28.67% of the stock is currently owned by corporate insiders.

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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