Gear4music (LON:G4M) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Gear4music (Holdings) plc (LON:G4M)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 157.33 ($1.99) and traded as low as GBX 146.60 ($1.86). Gear4music shares last traded at GBX 150 ($1.90), with a volume of 22,957 shares traded.

Gear4music Stock Down 2.7 %

The firm has a market cap of £30.63 million, a PE ratio of 30.97, a P/E/G ratio of 0.78 and a beta of 1.41. 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 business has a fifty day moving average price of GBX 157.33 and a two-hundred day moving average price of GBX 166.91.

Gear4music (LON:G4M) last released its quarterly earnings data on Tuesday, November 19th. The company reported GBX (5.90) (($0.07)) EPS for the quarter. Gear4music had a return on equity of 2.60% and a net margin of 0.68%. On average, analysts anticipate that Gear4music will post 22.0105125 EPS for the current fiscal year.

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.