Gear4music (LON:G4M) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Gear4music (Holdings) plc (LON:G4M) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 300.43 and traded as low as GBX 290. Gear4music shares last traded at GBX 299.80, with a volume of 31,986 shares.

Gear4music Stock Performance

The stock’s 50-day moving average price is GBX 300.43 and its 200-day moving average price is GBX 285.85. The company has a market capitalization of £64.19 million, a price-to-earnings ratio of 16.28, a P/E/G ratio of 0.78 and a beta of 1.41. The company has a debt-to-equity ratio of 79.53, a quick ratio of 0.43 and a current ratio of 2.19.

Gear4music (LON:G4M) last released its quarterly earnings data on Tuesday, November 18th. The company reported GBX 9.60 earnings per share for the quarter. Gear4music had a return on equity of 2.60% and a net margin of 0.68%. As a group, equities research analysts expect that Gear4music will post 22.0105125 earnings per share for the current 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.