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

Gear4music (Holdings) plc (LON:G4M)’s share price shot up 14.6% during trading on Wednesday . The stock traded as high as GBX 144 ($1.91) and last traded at GBX 134.65 ($1.79). 102,634 shares traded hands during trading, an increase of 352% from the average session volume of 22,683 shares. The stock had previously closed at GBX 117.50 ($1.56).

Gear4music Price Performance

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

Insider Transactions at Gear4music

In other news, insider Gareth John Bevan bought 11,000 shares of the firm’s stock in a transaction dated Thursday, April 10th. The stock was bought at an average price of GBX 115 ($1.53) per share, for a total transaction 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.