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

Gear4music (Holdings) plc (LON:G4MGet Free Report) passed 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.

Gear4music Stock Down 0.4%

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

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. Gear4music had a return on equity of 16.69% and a net margin of 3.84%.The firm had revenue of £190.75 million for the quarter. As a group, research analysts forecast that Gear4music will post 22.0105125 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Christopher (Chris) David Scott purchased 6,823 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were acquired at an average price 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.

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