The Gym Group (LON:GYM) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of The Gym Group plc (LON:GYM) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 132.17 ($1.75) and traded as high as GBX 139.80 ($1.85). The Gym Group shares last traded at GBX 137 ($1.82), with a volume of 343,252 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on GYM. Berenberg Bank reissued a “buy” rating and issued a GBX 195 ($2.59) price objective on shares of The Gym Group in a research note on Monday, March 31st. Shore Capital restated a “buy” rating on shares of The Gym Group in a research note on Tuesday, January 14th.

The Gym Group Stock Performance

The stock has a market capitalization of £246.51 million, a P/E ratio of -118.20, a P/E/G ratio of -12.95 and a beta of 1.75. The company has a current ratio of 0.20, a quick ratio of 0.27 and a debt-to-equity ratio of 307.68. The company’s fifty day simple moving average is GBX 132.16 and its 200 day simple moving average is GBX 145.65.

The Gym Group (LON:GYM) last announced its quarterly earnings data on Wednesday, March 12th. The company reported GBX 3 ($0.04) earnings per share (EPS) for the quarter. The Gym Group had a negative net margin of 0.97% and a negative return on equity of 1.64%. As a group, sell-side analysts forecast that The Gym Group plc will post 0.2851177 earnings per share for the current fiscal year.

Insider Buying and Selling

In other The Gym Group news, insider Richard Stables purchased 25,000 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were bought at an average cost of GBX 143 ($1.90) per share, with a total value of £35,750 ($47,432.67). 2.53% of the stock is owned by company insiders.

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.