Gear4music (LON:G4M) Stock Passes Below 50 Day Moving Average - What's Next?

Key Points

• Stock fell below its 50-day moving average on Friday, trading as low as GBX 240 and last at GBX 248.89 on volume of 20,447; the 50-day moving average is GBX 273.85.
• Shares also sit beneath the 200-day moving average (GBX 289.94); the company has a market cap of £52.21 million, P/E 13.24 and PEG 0.78, but a low quick ratio (0.43) and high debt-to-equity (65.20) that could signal liquidity and leverage concerns.
• Gear4music runs a global e-commerce business selling own-brand and premium third-party musical instruments, with distribution centres and showrooms across Europe and delivery to over 190 countries.

Gear4music (Holdings) plc (LON:G4M - )'s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 273.85 and traded as low as GBX 240. Gear4music shares last traded at GBX 248.89, with a volume of 20,447 shares traded.

Gear4music Stock Performance

The company has a 50-day moving average of GBX 273.85 and a 200-day moving average of GBX 289.94. The firm has a market capitalization of £52.21 million, a P/E ratio of 13.24, 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 65.20.

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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