The Gym Group (LON:GYM) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Posted by Donald Scott on Nov 2nd, 2024

The Gym Group plc (LON:GYM – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 152.60 ($1.98) and traded as high as GBX 158 ($2.05). The Gym Group shares last traded at GBX 158 ($2.05), with a volume of 565,904 shares traded.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GYM. Shore Capital reissued a “buy” rating on shares of The Gym Group in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Gym Group from GBX 175 ($2.27) to GBX 185 ($2.40) and gave the company a “buy” rating in a research note on Thursday, September 12th.

Read Our Latest Stock Analysis on GYM

The Gym Group Stock Up 2.6 %

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 firm’s 50 day moving average price is GBX 152.60 and its two-hundred day moving average price is GBX 134.49. The company has a market cap of £281.05 million, a P/E ratio of -15,800.00, a price-to-earnings-growth ratio of -12.95 and a beta of 1.75.

The Gym Group Company Profile

(Get Free Report)

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.