Gear4music (LON:G4M) Stock Crosses Above 50 Day Moving Average – What’s Next?

Gear4music (Holdings) plc (LON:G4M)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 292.51 and traded as high as GBX 310. Gear4music shares last traded at GBX 310, with a volume of 63,498 shares traded.

Gear4music Stock Up 4.8%

The firm has a market cap of £67.06 million, a price-to-earnings ratio of 84.13, a PEG ratio of 0.78 and a beta of 1.41. The business’s 50-day moving average is GBX 292.51 and its 200-day moving average is GBX 234.09. The company has a debt-to-equity ratio of 79.53, a quick ratio of 0.43 and a current ratio of 2.19.

About Gear4music

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.