The Gym Group (LON:GYM) Shares Cross Below 50 Day Moving Average – Time to Sell?

Shares of The Gym Group plc (LON:GYM) 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

GYM has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of The Gym Group from GBX 175 ($2.17) to GBX 185 ($2.30) and gave the company a “buy” rating in a research report on Thursday, September 12th. Shore Capital restated a “buy” rating on shares of The Gym Group in a report on Wednesday, September 11th.

The Gym Group Stock Performance

The firm has a market cap of £273.94 million, a P/E ratio of -15,400.00, a price-to-earnings-growth ratio of -12.95 and a beta of 1.75. The stock’s 50-day moving average price is GBX 156.13 and its 200 day moving average price is GBX 146.81. The company has a debt-to-equity ratio of 307.68, a current ratio of 0.20 and a quick ratio of 0.27.

Insider Transactions at The Gym Group

In related news, insider Elaine O’Donnell acquired 12,500 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was bought at an average price of GBX 161 ($2.00) per share, with a total value of £20,125 ($25,000.00). 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.