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

Shares of The Gym Group plc (LON:GYM) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 156.64 ($1.97) and traded as low as GBX 144.74 ($1.82). The Gym Group shares last traded at GBX 153.80 ($1.94), with a volume of 33,021 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Shore Capital reaffirmed a “buy” rating on shares of The Gym Group in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of The Gym Group from GBX 175 ($2.20) to GBX 185 ($2.33) and gave the company a “buy” rating in a research note on Thursday, September 12th.

The Gym Group Stock Down 1.3 %

The company has a debt-to-equity ratio of 307.68, a current ratio of 0.20 and a quick ratio of 0.27. The stock has a market capitalization of £270.02 million, a P/E ratio of -15,180.00, a P/E/G ratio of -12.95 and a beta of 1.75. The firm has a 50-day simple moving average of GBX 156.44 and a 200 day simple moving average of GBX 145.74.

Insider Buying and Selling at The Gym Group

In related news, insider Elaine O’Donnell purchased 12,500 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was acquired at an average price of GBX 161 ($2.03) per share, for a total transaction of £20,125 ($25,324.02). Insiders own 2.53% of the company’s stock.

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.