The Gym Group (LON:GYM) Share Price Passes Below 50 Day Moving Average – Should You Sell?

The Gym Group plc (LON:GYM) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 156.64 ($1.96) and traded as low as GBX 144.74 ($1.81). The Gym Group shares last traded at GBX 153.80 ($1.93), with a volume of 33,021 shares.

Analysts Set New Price Targets

GYM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of The Gym Group from GBX 175 ($2.19) to GBX 185 ($2.32) and gave the company a “buy” rating in a research note on Thursday, September 12th. Shore Capital restated a “buy” rating on shares of The Gym Group in a research note on Wednesday, September 11th.

The Gym Group Stock Up 0.3 %

The stock has a market capitalization of £274.29 million, a price-to-earnings ratio of -15,420.00, a price-to-earnings-growth ratio of -12.95 and a beta of 1.75. The firm has a 50 day simple moving average of GBX 156.64 and a 200-day simple moving average of GBX 145.64. 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 Activity at The Gym Group

In other The Gym Group news, insider Elaine O’Donnell acquired 12,500 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was purchased at an average price of GBX 161 ($2.02) per share, for a total transaction of £20,125 ($25,219.30). 2.53% of the stock is currently owned by insiders.

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.