Gear4music Holdings PLC (LON:G4M) shares fell 8.4% during trading on Monday . The stock traded as low as GBX 170 ($2.22) and last traded at GBX 185 ($2.42). 122,634 shares changed hands during mid-day trading, an increase of 522% from the average session volume of 19,725 shares. The stock had previously closed at GBX 202 ($2.64).

Separately, Peel Hunt reaffirmed a “buy” rating on shares of Gear4music in a research note on Wednesday, October 3rd.

Gear4music (LON:G4M) last released its quarterly earnings results on Tuesday, October 16th. The company reported GBX (1.80) (($0.02)) earnings per share for the quarter.

In other news, insider Eric Kenelm Ford purchased 10,000 shares of the stock in a transaction dated Monday, January 7th. The shares were acquired at an average cost of GBX 240 ($3.14) per share, for a total transaction of £24,000 ($31,360.25).

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Gear4music Company Profile (LON:G4M)

Gear4music (Holdings) plc engages in the retail of musical instruments and equipment in Europe and internationally. It offers electric, acoustic, and bass guitars; drums and percussion products, including electronic drums and drum pads, e-drum accessories, hybrid drumming products, acoustic drum kits, acoustic kit types, individual drums, cymbals, snare and frame drums, drum hardware products, drum accessories, and various percussion products; and pianos and keyboards, such as digital, acoustic, and grand pianos, as well as MIDI keyboards, synth key products, and accessories.

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