The Gym Group (LON:GYM) Share Price Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• The Gym Group plc shares fell below their fifty-day moving average, trading at GBX 142.43 ($1.92), down from a moving average of GBX 149.84 ($2.02).
• Analysts have set a new price target for The Gym Group, with Berenberg Bank maintaining a "buy" rating and a target of GBX 195 ($2.62).
• The company has a market capitalization of £254.69 million and a notably high debt-to-equity ratio of 307.68.

Shares of The Gym Group plc (LON:GYM - Get Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 149.84 ($2.01) and traded as low as GBX 140.60 ($1.89). The Gym Group shares last traded at GBX 142.43 ($1.91), with a volume of 92,952 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on GYM shares. Shore Capital reiterated a "buy" rating on shares of The Gym Group in a report on Wednesday, July 9th. Berenberg Bank reissued a "buy" rating and issued a GBX 195 ($2.62) price target on shares of The Gym Group in a report on Thursday, July 10th.

The Gym Group Stock Performance

The stock's 50 day moving average price is GBX 149.67 and its 200 day moving average price is GBX 141.47. The company has a debt-to-equity ratio of 307.68, a quick ratio of 0.27 and a current ratio of 0.20. The company has a market capitalization of £247.93 million, a P/E ratio of -118.88, a price-to-earnings-growth ratio of -12.95 and a beta of 1.75.

The Gym Group Company Profile

The Gym Group plc, together with its subsidiaries, operates a network of gym facilities under the Gym Group brand name in the United Kingdom. The company was founded in 2007 and is based in Croydon, the United Kingdom.