The Gym Group (LON:GYM) Stock Price Crosses Below 50-Day Moving Average - Should You Sell?

Key Points

• The Gym Group's stock price fell below its fifty-day moving average, currently valued at GBX 139.60 ($1.89), which is lower than the moving average of GBX 148.55 ($2.01).
• Analysts maintain a consensus rating of "Buy" for The Gym Group, with target prices from firms like Berenberg Bank and Shore Capital set at GBX 195 and an average target of GBX 190.
• The company has a high debt-to-equity ratio of 307.68 and a market capitalization of £245.16 million, indicating significant financial leverage.

The Gym Group plc (LON:GYM - Get Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 148.55 ($1.99) and traded as low as GBX 138 ($1.85). The Gym Group shares last traded at GBX 139.60 ($1.87), with a volume of 50,699 shares traded.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 195 target price on shares of The Gym Group in a report on Thursday, July 10th. Shore Capital reiterated a "buy" rating on shares of The Gym Group in a research report on Wednesday, July 9th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 190.

The Gym Group Stock Performance

The stock has a market capitalization of £247.60 million, a PE ratio of 5,833.33, a P/E/G ratio of -12.95 and a beta of 1.75. The firm has a 50 day moving average price of GBX 147.95 and a 200 day moving average price of GBX 142.01. The company has a quick ratio of 0.27, a current ratio of 0.20 and a debt-to-equity ratio of 307.68.

About The Gym Group

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.