The Gym Group (LON:GYM) Stock Price Passes Below 50 Day Moving Average of $112.67

The Gym Group plc (LON:GYM)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 112.67 ($1.39) and traded as low as GBX 109 ($1.35). The Gym Group shares last traded at GBX 111.80 ($1.38), with a volume of 134,551 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price target on The Gym Group from GBX 115 ($1.42) to GBX 121 ($1.49) and gave the stock a “hold” rating in a report on Friday, April 5th.

The Gym Group Stock Performance

The company has a quick ratio of 0.27, a current ratio of 0.18 and a debt-to-equity ratio of 311.02. The firm has a market capitalization of £197.33 million, a P/E ratio of -2,236.00, a P/E/G ratio of -12.95 and a beta of 1.61. The stock has a fifty day moving average of GBX 112.67 and a 200-day moving average of GBX 107.02.

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.