Gear4music (LON:G4M) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Gear4music (Holdings) plc (LON:G4M)’s share price 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 traded.

Gear4music Price Performance

The stock has a market capitalization of £31.57 million, a P/E ratio of 5,016.67, a PEG ratio of 0.78 and a beta of 1.41. The business has a fifty day simple moving average of GBX 159.04 and a 200-day simple moving average of GBX 168.05. The company has a debt-to-equity ratio of 55.76, a quick ratio of 0.43 and a current ratio of 2.24.

Gear4music (LON:G4M) last released its earnings results on Tuesday, November 19th. The company reported GBX (5.90) (($0.07)) earnings per share (EPS) for the quarter. Gear4music had a net margin of 0.45% and a return on equity of 1.72%. Sell-side analysts expect that Gear4music will post 22.0105125 earnings per share for the current fiscal year.

About Gear4music

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.