Gear4music (LON:G4M) Stock Price Up 1.7% – Here’s What Happened

Gear4music (Holdings) plc (LON:G4M)’s share price was up 1.7% on Tuesday. The company traded as high as GBX 230 and last traded at GBX 223.80. 30,835 shares changed hands during trading, a decline of 4% from the average daily volume of 32,212 shares. The stock had previously closed at GBX 220.

Gear4music Stock Up 1.7%

The company has a debt-to-equity ratio of 41.96, a current ratio of 2.16 and a quick ratio of 0.43. The company has a market capitalization of £47.03 million, a P/E ratio of 6.41, a PEG ratio of 0.78 and a beta of 1.01. The company has a 50 day moving average of GBX 245.49 and a 200-day moving average of GBX 262.14.

Insider Activity

In other news, insider Gareth John Bevan sold 1,682 shares of the business’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of GBX 236, for a total transaction of £3,969.52. Company insiders own 28.61% of the company’s stock.

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.