Gear4music (LON:G4M) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Shares of Gear4music (Holdings) plc (LON:G4M) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 165.61 ($2.08) and traded as high as GBX 168.70 ($2.12). Gear4music shares last traded at GBX 165.08 ($2.07), with a volume of 2,485 shares trading hands.

Gear4music Stock Performance

The company has a debt-to-equity ratio of 55.76, a current ratio of 2.24 and a quick ratio of 0.43. The business’s 50-day moving average is GBX 165.47 and its 200 day moving average is GBX 168.91. The firm has a market capitalization of £34.63 million, a P/E ratio of 5,502.67, a price-to-earnings-growth ratio of 0.78 and a beta of 1.41.

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.