The Gym Group (LON:GYM) Shares Down 7.2% – Here’s What Happened

The Gym Group plc (LON:GYM)’s share price fell 7.2% on Wednesday . The stock traded as low as GBX 136.60 ($1.85) and last traded at GBX 136.60 ($1.85). 206,863 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 322,997 shares. The stock had previously closed at GBX 147.20 ($1.99).

Analyst Ratings Changes

Several research firms recently weighed in on GYM. Berenberg Bank restated a “buy” rating and issued a GBX 195 price target on shares of The Gym Group in a research note on Thursday, July 10th. Shore Capital reaffirmed a “buy” rating and issued a GBX 200 price objective on shares of The Gym Group in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 193.33.

The Gym Group Price Performance

The firm has a market capitalization of £263.40 million, a P/E ratio of 6,205.04, a PEG ratio of -12.95 and a beta of 1.75. The company has a debt-to-equity ratio of 307.68, a quick ratio of 0.27 and a current ratio of 0.20. The firm has a 50-day moving average of GBX 146.92 and a 200-day moving average of GBX 142.24.

The Gym Group (LON:GYM) last released its quarterly earnings results on Wednesday, September 10th. The company reported GBX 2.80 earnings per share for the quarter. The Gym Group had a negative return on equity of 1.64% and a negative net margin of 0.97%. As a group, analysts predict that The Gym Group plc will post 0.2851177 EPS for the current year.

About The Gym Group

The Gym Group plc, together with its subsidiaries, operates a network of gym facilities under the Gym Group brand name in the United Kingdom. The company was founded in 2007 and is based in Croydon, the United Kingdom.