Gear4music (LON:G4M) Shares Pass Below Fifty Day Moving Average - Here's Why

Key Points

• Gear4music's shares fell below their fifty-day moving average during trading, reaching as low as GBX 264 ($3.54) while the last traded price was GBX 279.98 ($3.75).
• The company has a market cap of £61.98 million and a notably high price-to-earnings ratio of 7,776.05.
• Gear4music operates internationally, selling its own brands and third-party musical instruments, aided by a developed e-commerce platform servicing over 190 countries.

Gear4music (Holdings) plc (LON:G4M - ) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 273.27 ($3.66) and traded as low as GBX 264 ($3.54). Gear4music shares last traded at GBX 279.98 ($3.75), with a volume of 178,826 shares trading hands.

Gear4music Price Performance

The stock has a 50-day moving average of GBX 273.27 and a two-hundred day moving average of GBX 204.08. The firm has a market cap of £61.98 million, a price-to-earnings ratio of 7,776.05, a price-to-earnings-growth ratio of 0.78 and a beta of 1.41. The company has a current ratio of 2.19, a quick ratio of 0.43 and a debt-to-equity ratio of 79.53.

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.

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