The Gym Group (LON:GYM) Stock Passes Below 50-Day Moving Average - Here's What Happened

The Gym Group plc (LON:GYM - Get Free Report) shares passed 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.

Analyst Ratings Changes

GYM has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price 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 report on Thursday, September 12th. Shore Capital reiterated a "buy" rating on shares of The Gym Group in a research note on Wednesday, September 11th.

The Gym Group Stock Up 0.9 %

The company has a market capitalization of £273.94 million, a PE ratio of -15,400.00, a P/E/G ratio of -12.95 and a beta of 1.75. The company has a debt-to-equity ratio of 307.68, a quick ratio of 0.27 and a current ratio of 0.20. The company's 50-day moving average is GBX 156.13 and its 200 day moving average is GBX 146.81.

Insider Activity

In other The Gym Group news, insider Elaine O'Donnell bought 12,500 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was acquired at an average price of GBX 161 ($2.00) per share, with a total value of £20,125 ($25,000.00). Corporate insiders own 2.53% of the company's stock.

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.