Gear4music (LON:G4M) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Gear4music (Holdings) plc (LON:G4M)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 157.33 ($1.99) and traded as low as GBX 146.60 ($1.85). Gear4music shares last traded at GBX 150 ($1.90), with a volume of 22,957 shares traded.

Gear4music Price Performance

The company has a debt-to-equity ratio of 79.53, a quick ratio of 0.43 and a current ratio of 2.19. The firm’s fifty day simple moving average is GBX 156.98 and its 200 day simple moving average is GBX 166.79. The firm has a market cap of £31.47 million, a P/E ratio of 31.82, a P/E/G ratio of 0.78 and a beta of 1.41.

Gear4music (LON:G4M) last released its quarterly earnings results on Tuesday, November 19th. The company reported GBX (5.90) (($0.07)) earnings per share for the quarter. Gear4music had a net margin of 0.68% and a return on equity of 2.60%. As a group, analysts forecast that Gear4music will post 22.0105125 earnings per share for the current year.

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.