Gear4music (LON:G4M) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Gear4music (Holdings) plc (LON:G4M)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 165.18 ($2.04) and traded as high as GBX 169.50 ($2.10). Gear4music shares last traded at GBX 167.50 ($2.07), with a volume of 37,000 shares changing hands.

Gear4music Price Performance

The business’s 50-day simple moving average is GBX 164.95 and its 200 day simple moving average is GBX 170.33. The company has a market capitalization of £33.78 million, a P/E ratio of 5,366.67, a P/E/G ratio of 0.78 and a beta of 1.41. The company has a current ratio of 2.24, a quick ratio of 0.43 and a debt-to-equity ratio of 55.76.

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.