The Gym Group (LON:GYM) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

The Gym Group plc (LON:GYM)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 136.91 ($1.82) and traded as high as GBX 146.40 ($1.94). The Gym Group shares last traded at GBX 142.60 ($1.89), with a volume of 208,016 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 195 ($2.59) target price on shares of The Gym Group in a research report on Monday, March 31st.

The Gym Group Stock Down 1.5%

The company has a 50-day moving average of GBX 136.91 and a 200-day moving average of GBX 143.85. The company has a market capitalization of £253.62 million, a price-to-earnings ratio of -121.61, a price-to-earnings-growth 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 Gym Group (LON:GYM) last announced its quarterly earnings data on Wednesday, March 12th. The company reported GBX 3 ($0.04) 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%. On average, equities analysts predict that The Gym Group plc will post 0.2851177 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Will Orr bought 14,385 shares of the stock in a transaction dated Tuesday, April 29th. The shares were purchased at an average price of GBX 140 ($1.86) per share, for a total transaction of £20,139 ($26,752.13). Corporate insiders own 2.53% of the company’s stock.

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.