Gear4music (LON:G4M) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Gear4music (Holdings) plc (LON:G4M – Get Free Report)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 253.08 and traded as high as GBX 273.41. Gear4music shares last traded at GBX 273.41, with a volume of 1,897 shares changing hands.

Gear4music Stock Performance

The company has a debt-to-equity ratio of 41.96, a quick ratio of 0.43 and a current ratio of 2.16. The stock has a market cap of £59.78 million, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 0.78 and a beta of 1.01. The firm’s 50 day moving average is GBX 254.04 and its 200 day moving average is GBX 269.08.

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Gear4music (LON:G4M – Get Free Report) last posted its earnings results on Wednesday, June 24th. The company reported GBX 34.90 EPS for the quarter. The company had revenue of £190.75 million during the quarter. Gear4music had a net margin of 3.84% and a return on equity of 16.69%. Analysts anticipate that Gear4music will post 22.0105125 EPS for the current year.

Insider Buying and Selling at Gear4music

In other Gear4music news, insider Christopher (Chris) David Scott bought 6,823 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average cost of GBX 293 per share, for a total transaction of £19,991.39. 28.67% of the stock is owned by insiders.

About Gear4music

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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.

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