The Gym Group (LON:GYM) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

The Gym Group plc (LON:GYM) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 136.91 ($1.82) and traded as high as GBX 146.40 ($1.94). The Gym Group shares last traded at GBX 142.60 ($1.89), with a volume of 208,016 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 195 ($2.59) price objective on shares of The Gym Group in a research note on Monday, March 31st.

The Gym Group Trading Down 1.5%

The stock has a market cap of £253.62 million, a P/E ratio of -121.61, a P/E/G ratio of -12.95 and a beta of 1.75. The company has a current ratio of 0.20, a quick ratio of 0.27 and a debt-to-equity ratio of 307.68. The company has a 50-day moving average price of GBX 136.91 and a two-hundred day moving average price of GBX 143.85.

The Gym Group (LON:GYM) last posted its quarterly earnings data on Wednesday, March 12th. The company reported GBX 3 ($0.04) earnings per share (EPS) for the quarter. The Gym Group had a negative return on equity of 1.64% and a negative net margin of 0.97%. On average, research analysts expect that The Gym Group plc will post 0.2851177 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Will Orr bought 22,000 shares of the stock in a transaction on Wednesday, April 16th. The stock was acquired at an average cost of GBX 137 ($1.82) per share, for a total transaction of £30,140 ($40,037.19). Company insiders own 2.53% of the company’s stock.

The Gym Group Company Profile

The Gym Group plc, together with its subsidiaries, operates a network of gym facilities under the Gym Group brand name in the United Kingdom. The company was founded in 2007 and is based in Croydon, the United Kingdom.