Gear4music (LON:G4M) Trading 6.5% Higher - Here's Why

Key Points

• Gear4music's stock price increased by 6.5%, reaching as high as GBX 299.85 during trading, amidst a significant surge in trading volume of 175,586 shares, up 389% from the average.
• The company reported a quarterly earnings per share (EPS) of GBX 4 and has a market capitalization of £61.25 million, with analysts predicting an EPS of 22.01 for the current fiscal year.
• Gear4music operates an extensive e-commerce platform serving over 190 countries, selling both own-brand and premium musical instruments, indicating a strong international presence.

Gear4music (Holdings) plc (LON:G4M - Get Free Report)'s stock price was up 6.5% on Friday . The stock traded as high as GBX 299.85 ($4.04) and last traded at GBX 282.30 ($3.81). Approximately 175,586 shares changed hands during trading, an increase of 389% from the average daily volume of 35,923 shares. The stock had previously closed at GBX 265 ($3.57).

Gear4music Price Performance

The company has a current ratio of 2.19, a quick ratio of 0.43 and a debt-to-equity ratio of 79.53. The stock has a market capitalization of £56.11 million, a P/E ratio of 7,039.26, a PEG ratio of 0.78 and a beta of 1.41. The company has a fifty day simple moving average of GBX 242.29 and a two-hundred day simple moving average of GBX 180.10.

Gear4music (LON:G4M - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The company reported GBX 4 EPS for the quarter. Gear4music had a return on equity of 2.60% and a net margin of 0.68%. Sell-side analysts expect that Gear4music will post 22.0105125 EPS for the current fiscal year.

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.