Gear4music (LON:G4M) Shares Cross Above 50-Day Moving Average – Here’s Why

Gear4music (Holdings) plc (LON:G4M) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 299.16 and traded as high as GBX 306. Gear4music shares last traded at GBX 297.95, with a volume of 43,678 shares traded.

Gear4music Stock Down 2.3%

The company has a debt-to-equity ratio of 79.53, a quick ratio of 0.43 and a current ratio of 2.19. The firm has a market capitalization of £62.50 million, a price-to-earnings ratio of 15.85, a PEG ratio of 0.78 and a beta of 1.41. The firm has a fifty day moving average price of GBX 299.16 and a 200 day moving average price of GBX 263.61.

Gear4music (LON:G4M) last announced its quarterly earnings results on Tuesday, November 18th. The company reported GBX 9.60 EPS for the quarter. Gear4music had a return on equity of 2.60% and a net margin of 0.68%. As a group, sell-side analysts expect that Gear4music will post 22.0105125 EPS for the current fiscal year.

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.