The Gym Group (LON:GYM) Share Price Crosses Below 50-Day Moving Average - What's Next?

The Gym Group plc (LON:GYM - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 139.53 ($1.81) and traded as low as GBX 130 ($1.68). The Gym Group shares last traded at GBX 135.60 ($1.76), with a volume of 3,362,442 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "buy" rating on shares of The Gym Group in a research note on Tuesday, January 14th.

The Gym Group Stock Performance

The firm has a market capitalization of £241.17 million, a PE ratio of -115.64, a PEG ratio of -12.95 and a beta of 1.75. The company has a quick ratio of 0.27, a current ratio of 0.20 and a debt-to-equity ratio of 307.68. The company has a 50-day moving average of GBX 139.53 and a 200 day moving average of GBX 149.25.

Insider Transactions at The Gym Group

In related news, insider Richard Stables bought 25,000 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The stock was bought at an average cost of GBX 143 ($1.85) per share, for a total transaction of £35,750 ($46,284.31). 2.53% of the stock is 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.

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