Gear4music (LON:G4M) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Gear4music (Holdings) plc (LON:G4M) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 241.63 and traded as low as GBX 240. Gear4music shares last traded at GBX 240, with a volume of 12,016 shares.

Gear4music Stock Performance

The firm has a market cap of £50.89 million, a PE ratio of 12.90, a PEG ratio of 0.78 and a beta of 1.00. The company has a current ratio of 2.19, a quick ratio of 0.43 and a debt-to-equity ratio of 65.20. The firm’s 50 day simple moving average is GBX 241.50 and its 200 day simple moving average is GBX 275.98.

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.