Gear4music (LON:G4M) Stock Price Up 1.7% – Here’s Why

Shares of Gear4music (Holdings) plc (LON:G4M) were up 1.7% during mid-day trading on Tuesday. The company traded as high as GBX 230 and last traded at GBX 223.80. Approximately 30,835 shares were traded during trading, a decline of 4% from the average session volume of 32,212 shares. The stock had previously closed at GBX 220.

Gear4music Stock Performance

The firm has a market cap of £45.60 million, a P/E ratio of 6.22, a P/E/G ratio of 0.78 and a beta of 1.01. The company has a debt-to-equity ratio of 41.96, a quick ratio of 0.43 and a current ratio of 2.16. The company’s 50 day moving average is GBX 243.86 and its 200 day moving average is GBX 261.65.

Insider Activity

In other news, insider Gareth John Bevan sold 1,682 shares of the stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of GBX 236, for a total value of £3,969.52. Company insiders own 28.61% of the company’s stock.

About Gear4music

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.