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

The Gym Group plc (LON:GYM)’s stock price passed 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted their target price on shares of The Gym Group from GBX 115 ($1.42) to GBX 121 ($1.49) and gave the company a “hold” rating in a research note on Friday, April 5th.

The Gym Group Stock Performance

The firm’s 50 day simple moving average is GBX 112.67 and its 200-day simple moving average is GBX 107.02. The company has a debt-to-equity ratio of 311.02, a quick ratio of 0.27 and a current ratio of 0.18. The company has a market capitalization of £197.33 million, a price-to-earnings ratio of -2,236.00, a P/E/G ratio of -12.95 and a beta of 1.61.

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.