Gear4music (LON:G4M) Stock Passes Above 50 Day Moving Average - Here's Why

Key Points

• Gear4music's shares crossed above its 50-day moving average, reaching a high of GBX 263.79 ($3.50) before last trading at GBX 257.35 ($3.42).
• The company's market capitalization stands at £53.98 million, with a P/E ratio of 54.59 and a net margin of 0.68%.
• Analysts forecast 22.01 EPS for Gear4music in the current fiscal year, indicating potential earnings growth.

Gear4music (Holdings) plc (LON:G4M - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 201.92 ($2.68) and traded as high as GBX 263.79 ($3.51). Gear4music shares last traded at GBX 257.35 ($3.42), with a volume of 186,851 shares changing hands.

Gear4music Stock Down 2.1%

The company has a quick ratio of 0.43, a current ratio of 2.19 and a debt-to-equity ratio of 79.53. The stock has a market capitalization of £51.36 million, a PE ratio of 51.94, a price-to-earnings-growth ratio of 0.78 and a beta of 1.41. The company's fifty day moving average price is GBX 205.86 and its 200-day moving average price is GBX 163.65.

Gear4music (LON:G4M - Get Free Report) last issued its earnings results on Tuesday, June 24th. The company reported GBX 4 ($0.05) earnings per share for the quarter. Gear4music had a net margin of 0.68% and a return on equity of 2.60%. Analysts forecast 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.