Gear4music (LON:G4M) Shares Climb 1.7% – Should You Buy?

Gear4music (Holdings) plc (LON:G4M) shares were up 1.7% on Tuesday. The company traded as high as GBX 230 and last traded at GBX 223.80. Approximately 30,835 shares were traded during trading, a decline of 4% from the average session volume of 32,212 shares. The stock had previously closed at GBX 220.

Gear4music Price Performance

The company has a current ratio of 2.16, a quick ratio of 0.43 and a debt-to-equity ratio of 41.96. The business’s 50 day moving average price is GBX 245.49 and its two-hundred day moving average price is GBX 262.14. The stock has a market cap of £47.03 million, a P/E ratio of 6.41, a price-to-earnings-growth ratio of 0.78 and a beta of 1.01.

Insiders Place Their Bets

In other Gear4music news, insider Gareth John Bevan sold 1,682 shares of Gear4music stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of GBX 236, for a total transaction of £3,969.52. Insiders own 28.61% of the company’s stock.

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.