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

Gear4music (Holdings) plc (LON:G4M) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 242.42 and traded as low as GBX 240. Gear4music shares last traded at GBX 260, with a volume of 10,575 shares.

Gear4music Price Performance

The stock’s fifty day moving average is GBX 242.42 and its 200-day moving average is GBX 273.68. The stock has a market capitalization of £54.54 million, a PE ratio of 13.83, a P/E/G ratio of 0.78 and a beta of 1.00. The company has a debt-to-equity ratio of 65.20, a current ratio of 2.19 and a quick ratio of 0.43.

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.