The Gym Group (LON:GYM) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

The Gym Group plc (LON:GYM)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 202.89 and traded as low as GBX 188. The Gym Group shares last traded at GBX 188, with a volume of 239,571 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Shore Capital Group reaffirmed a “buy” rating and issued a GBX 275 target price on shares of The Gym Group in a research report on Thursday. Berenberg Bank lifted their price target on shares of The Gym Group from GBX 295 to GBX 300 and gave the company a “buy” rating in a research report on Friday. Jefferies Financial Group reissued a “buy” rating and set a GBX 250 price objective on shares of The Gym Group in a research note on Wednesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 230 price objective on shares of The Gym Group in a report on Friday, September 4th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, The Gym Group currently has an average rating of “Buy” and an average target price of GBX 251.

The Gym Group Stock Down 0.3%

The firm has a market capitalization of £325.74 million, a P/E ratio of 47.00, a P/E/G ratio of -12.95 and a beta of 0.83. The company has a fifty day simple moving average of GBX 202.46 and a 200 day simple moving average of GBX 192.93. The company has a quick ratio of 0.27, a current ratio of 0.17 and a debt-to-equity ratio of 293.82.

The Gym Group (LON:GYM) last issued its quarterly earnings results on Wednesday, September 9th. The company reported GBX 3.10 earnings per share for the quarter. The Gym Group had a return on equity of 5.95% and a net margin of 3.27%. On average, equities analysts expect that The Gym Group plc will post 0.2851177 EPS for the current fiscal year.

The Gym Group Company Profile

The Gym Group plc, together with its subsidiaries, operates a network of gym facilities under the Gym Group brand name in the United Kingdom. The company was founded in 2007 and is based in Croydon, the United Kingdom.