Gear4music (LON:G4M) Announces Earnings Results

Gear4music (LON:G4M) posted its earnings results on Tuesday. The company reported GBX 4 ($0.05) EPS for the quarter, Digital Look Earnings reports. Gear4music had a net margin of 0.68% and a return on equity of 2.60%.

Gear4music Stock Up 8.1%

Shares of Gear4music stock opened at GBX 200 ($2.71) on Tuesday. The company has a debt-to-equity ratio of 79.53, a current ratio of 2.19 and a quick ratio of 0.43. Gear4music has a 1-year low of GBX 97.80 ($1.32) and a 1-year high of GBX 206 ($2.79). The business’s fifty day moving average price is GBX 152.75 and its two-hundred day moving average price is GBX 148.93. The company has a market capitalization of £41.95 million, a P/E ratio of 42.43, a PEG ratio of 0.78 and a beta of 1.41.

Insider Transactions at Gear4music

In related news, insider Gareth John Bevan purchased 11,000 shares of Gear4music stock in a transaction dated Thursday, April 10th. The stock was bought at an average cost of GBX 115 ($1.56) per share, with a total value of £12,650 ($17,127.00). Company 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.