Gear4music (LON:G4M) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Gear4music's shares recently surpassed their fifty-day moving average, reaching a trading high of GBX 304 ($4.12). The last trade was at GBX 296.61 ($4.02) with a volume of 64,325 shares.
• The company reported a quarterly earnings per share (EPS) of GBX 4, with anticipated EPS of approximately 22.01 for the current fiscal year.
• Gear4music operates a diverse e-commerce platform delivering to over 190 countries, selling both its own-brand and premium third-party musical instruments and equipment.

Gear4music (Holdings) plc (LON:G4M - Get Free Report)'s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 249.15 ($3.38) and traded as high as GBX 304 ($4.12). Gear4music shares last traded at GBX 296.61 ($4.02), with a volume of 64,325 shares trading hands.

Gear4music Stock Performance

The company's 50 day simple moving average is GBX 254.77 and its 200 day simple moving average is GBX 189.20. The company has a debt-to-equity ratio of 79.53, a quick ratio of 0.43 and a current ratio of 2.19. The stock has a market cap of £60.58 million, a PE ratio of 7,600.39, a price-to-earnings-growth ratio of 0.78 and a beta of 1.41.

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