Gear4music (LON:G4M) Issues Earnings Results

Gear4music (LON:G4M) released its quarterly earnings results on Tuesday. The company reported GBX 4 ($0.05) earnings per share for the quarter, Digital Look Earnings reports. Gear4music had a return on equity of 2.60% and a net margin of 0.68%.

Gear4music Price Performance

Shares of G4M opened at GBX 205.07 ($2.79) on Wednesday. The firm has a 50-day simple moving average of GBX 154.49 and a two-hundred day simple moving average of GBX 149.21. The company has a debt-to-equity ratio of 79.53, a current ratio of 2.19 and a quick ratio of 0.43. Gear4music has a 1-year low of GBX 97.80 ($1.33) and a 1-year high of GBX 216 ($2.94). The stock has a market cap of £43.02 million, a PE ratio of 43.50, a P/E/G ratio of 0.78 and a beta of 1.41.

Insider Buying and Selling

In other news, insider Gareth John Bevan bought 11,000 shares of the company’s stock in a transaction on Thursday, April 10th. The stock was bought at an average cost of GBX 115 ($1.57) per share, with a total value of £12,650 ($17,220.26). 24.79% of the stock is currently owned by corporate insiders.

Gear4music Company Profile

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.