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

Gear4music (Holdings) plc (LON:G4M) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 132.77 ($1.77) and traded as high as GBX 159.85 ($2.13). Gear4music shares last traded at GBX 159.85 ($2.13), with a volume of 67,049 shares trading hands.

Gear4music Price Performance

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 stock has a market capitalization of £34.61 million, a price-to-earnings ratio of 35.00, a PEG ratio of 0.78 and a beta of 1.41. The stock’s 50 day simple moving average is GBX 132.77 and its 200-day simple moving average is GBX 149.03.

Insider Activity

In related news, insider Gareth John Bevan acquired 11,000 shares of the business’s stock in a transaction that occurred on Thursday, April 10th. The shares were acquired at an average cost of GBX 115 ($1.53) per share, with a total value of £12,650 ($16,835.24). 24.79% of the stock is owned by insiders.

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.