Gear4music (LON:G4M) Shares Down 3.3%

Gear4music Holdings PLC (LON:G4M)’s stock price traded down 3.3% during trading on Wednesday . The stock traded as low as GBX 205.51 ($2.69) and last traded at GBX 205.51 ($2.69), 1,400 shares traded hands during mid-day trading. A decline of 93% from the average session volume of 19,725 shares. The stock had previously closed at GBX 212.50 ($2.78).

A number of research firms have weighed in on G4M. Peel Hunt restated a “hold” rating and issued a GBX 300 ($3.92) price target on shares of Gear4music in a research note on Tuesday, November 12th. Peel Hunt reaffirmed a “hold” rating and set a GBX 300 ($3.92) price objective on shares of Gear4music in a research report on Tuesday, November 12th.

The firm has a 50 day moving average of GBX 212.94 and a two-hundred day moving average of GBX 209.86. The company has a debt-to-equity ratio of 125.16, a current ratio of 1.28 and a quick ratio of 0.31. The stock has a market cap of $43.05 million and a PE ratio of -293.59.

About Gear4music (LON:G4M)

Gear4music (Holdings) plc engages in the retail of musical instruments and equipment in Europe and internationally. It offers electric, acoustic, and bass guitars; drums and percussion products, including electronic drums and drum pads, e-drum accessories, hybrid drumming products, acoustic drum kits, acoustic kit types, individual drums, cymbals, snare and frame drums, drum hardware products, drum accessories, and various percussion products; and pianos and keyboards, such as digital, acoustic, and grand pianos, as well as MIDI keyboards, synth key products, and accessories.

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