The Gym Group (LON:GYM) Stock Crosses Below Fifty Day Moving Average – Here’s Why

The Gym Group plc (LON:GYM)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 156.13 ($1.94) and traded as low as GBX 149.20 ($1.85). The Gym Group shares last traded at GBX 154 ($1.91), with a volume of 42,594 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their target price on The Gym Group from GBX 175 ($2.17) to GBX 185 ($2.30) and gave the stock a “buy” rating in a research note on Thursday, September 12th. Shore Capital reiterated a “buy” rating on shares of The Gym Group in a research report on Wednesday, September 11th.

The Gym Group Stock Performance

The stock’s 50-day simple moving average is GBX 156.13 and its 200-day simple moving average is GBX 146.81. The stock has a market cap of £273.94 million, a price-to-earnings ratio of -15,400.00, 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.

Insider Buying and Selling

In other news, insider Elaine O’Donnell acquired 12,500 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average price of GBX 161 ($2.00) per share, with a total value of £20,125 ($25,000.00). 2.53% of the stock is currently owned by company insiders.

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.