The Gym Group (LON:GYM) Share Price Crosses Above 50-Day Moving Average – Here’s Why

The Gym Group plc (LON:GYM)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 152.60 ($1.98) and traded as high as GBX 158 ($2.05). The Gym Group shares last traded at GBX 158 ($2.05), with a volume of 565,904 shares.

Analyst Ratings Changes

A number of brokerages have recently commented on GYM. Shore Capital reissued a “buy” rating on shares of The Gym Group in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of The Gym Group from GBX 175 ($2.27) to GBX 185 ($2.40) and gave the stock a “buy” rating in a report on Thursday, September 12th.

The Gym Group Stock Up 2.6 %

The stock’s fifty day moving average price is GBX 152.95 and its 200 day moving average price is GBX 134.98. The stock has a market cap of £281.05 million, a P/E ratio of -15,800.00, a price-to-earnings-growth 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.

About The Gym Group

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.