Gear4music (LON:G4M) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Gear4music (Holdings) plc (LON:G4M) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 292.51 and traded as high as GBX 310. Gear4music shares last traded at GBX 310, with a volume of 63,498 shares.

Gear4music Stock Performance

The stock has a 50 day moving average price of GBX 292.51 and a two-hundred day moving average price of GBX 234.09. The company has a debt-to-equity ratio of 79.53, a current ratio of 2.19 and a quick ratio of 0.43. The company has a market capitalization of £67.06 million, a price-to-earnings ratio of 84.13, a price-to-earnings-growth ratio of 0.78 and a beta of 1.41.

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.