Gear4music (LON:G4M) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Gear4music (Holdings) plc (LON:G4M) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 286.16 and traded as low as GBX 235.50. Gear4music shares last traded at GBX 239.60, with a volume of 84,711 shares changing hands.

Gear4music Price Performance

The stock has a fifty day moving average price of GBX 263.27 and a 200-day moving average price of GBX 286.16. The company has a debt-to-equity ratio of 65.20, a current ratio of 2.19 and a quick ratio of 0.43. The company has a market cap of £50.34 million, a PE ratio of 12.77, a price-to-earnings-growth ratio of 0.78 and a beta of 1.01.

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.