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

Gear4music (Holdings) plc (LON:G4M) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 159.04 ($1.98) and traded as low as GBX 145.70 ($1.81). Gear4music shares last traded at GBX 150.50 ($1.87), with a volume of 84,278 shares changing hands.

Gear4music Trading Up 0.3 %

The company has a market capitalization of £31.57 million, a price-to-earnings ratio of 5,016.67, a P/E/G ratio of 0.78 and a beta of 1.41. The company has a current ratio of 2.24, a quick ratio of 0.43 and a debt-to-equity ratio of 55.76. The business’s 50 day moving average price is GBX 159.04 and its two-hundred day moving average price is GBX 168.05.

Gear4music (LON:G4M) last issued its quarterly earnings data on Tuesday, November 19th. The company reported GBX (5.90) (($0.07)) earnings per share for the quarter. Gear4music had a return on equity of 1.72% and a net margin of 0.45%. On average, equities analysts predict that Gear4music will post 22.0105125 earnings per share for the current fiscal year.

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.