Gear4music (LON:G4M) Stock Price Up 14.6% – Time to Buy?

Shares of Gear4music (Holdings) plc (LON:G4M) were up 14.6% on Wednesday . The company traded as high as GBX 144 ($1.91) and last traded at GBX 134.65 ($1.79). Approximately 102,634 shares changed hands during mid-day trading, an increase of 352% from the average daily volume of 22,683 shares. The stock had previously closed at GBX 117.50 ($1.56).

Gear4music Stock Performance

The company has a current ratio of 2.19, a quick ratio of 0.43 and a debt-to-equity ratio of 79.53. The stock has a market capitalization of £29.34 million, a P/E ratio of 29.67, a P/E/G ratio of 0.78 and a beta of 1.41. The company’s 50-day moving average is GBX 134.88 and its two-hundred day moving average is GBX 152.74.

Insider Transactions at Gear4music

In related news, insider Gareth John Bevan bought 11,000 shares of the stock in a transaction on Thursday, April 10th. The shares were purchased at an average price of GBX 115 ($1.53) per share, with a total value of £12,650 ($16,783.87). Insiders own 24.79% 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.