The Gym Group (LON:GYM) Share Price Crosses Below 50 Day Moving Average of $112.30

The Gym Group plc (LON:GYM)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 112.30 ($1.42) and traded as low as GBX 112 ($1.42). The Gym Group shares last traded at GBX 113 ($1.43), with a volume of 180,622 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their price objective on shares of The Gym Group from GBX 115 ($1.46) to GBX 121 ($1.53) and gave the company a “hold” rating in a research report on Friday, April 5th.

The Gym Group Price Performance

The company has a current ratio of 0.18, a quick ratio of 0.27 and a debt-to-equity ratio of 311.02. The company has a market cap of £201.34 million, a PE ratio of -2,260.00, a price-to-earnings-growth ratio of -12.95 and a beta of 1.61. The stock has a fifty day simple moving average of GBX 112.30 and a two-hundred day simple moving average of GBX 107.35.

About The Gym Group

The Gym Group plc, together with its subsidiaries, operates a network of gym facilities under the Gym Group brand name in the United Kingdom. The company was founded in 2007 and is based in Croydon, the United Kingdom.