Gear4music (LON:G4M) Stock Price Down 11.1% – Here’s What Happened

Gear4music (Holdings) plc (LON:G4M)’s share price fell 11.1% on Wednesday . The company traded as low as GBX 115 ($1.49) and last traded at GBX 120 ($1.55). 180,062 shares traded hands during trading, an increase of 697% from the average session volume of 22,580 shares. The stock had previously closed at GBX 135 ($1.75).

Gear4music Stock Down 14.8 %

The company has a market cap of £24.12 million, a PE ratio of 24.39, a PEG ratio of 0.78 and a beta of 1.41. The company has a quick ratio of 0.43, a current ratio of 2.19 and a debt-to-equity ratio of 79.53. The company’s fifty day moving average is GBX 145.10 and its 200-day moving average is GBX 158.23.

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.