Gear4music (LON:G4M) Releases Earnings Results

Gear4music (LON:G4M) released its quarterly earnings data on Wednesday. The company reported GBX 34.90 earnings per share for the quarter, Digital Look Earnings reports. The firm had revenue of £190.75 million during the quarter. Gear4music had a return on equity of 16.69% and a net margin of 3.84%.

Gear4music Stock Down 2.3%

Gear4music stock opened at GBX 281 on Friday. Gear4music has a fifty-two week low of GBX 210 and a fifty-two week high of GBX 336. The company has a debt-to-equity ratio of 41.96, a quick ratio of 0.43 and a current ratio of 2.16. The stock’s fifty day moving average is GBX 246.33 and its two-hundred day moving average is GBX 271.50. The firm has a market capitalization of £58.95 million, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.33.

Insider Activity

In other Gear4music news, insider Christopher (Chris) David Scott purchased 6,823 shares of the stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of GBX 293 per share, for a total transaction of £19,991.39. 28.64% of the stock is owned by company insiders.

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.