The Gym Group (LON:GYM) Trading Down 1.9%

Posted by on Apr 9th, 2023

The Gym Group plc (LON:GYM – Get Rating) dropped 1.9% on Friday . The stock traded as low as GBX 83.10 ($1.03) and last traded at GBX 84.40 ($1.05). Approximately 215,967 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 513,725 shares. The stock had previously closed at GBX 86 ($1.07).

Analysts Set New Price Targets

Separately, Numis Securities reiterated a “buy” rating and set a GBX 165 ($2.05) price target on shares of The Gym Group in a research report on Thursday, March 16th.

The Gym Group Price Performance

The company has a debt-to-equity ratio of 313.73, a quick ratio of 0.27 and a current ratio of 0.23. The stock’s 50 day simple moving average is GBX 117.27 and its two-hundred day simple moving average is GBX 114.82. The firm has a market capitalization of £150.54 million, a PE ratio of -767.27, a price-to-earnings-growth ratio of -12.95 and a beta of 1.53.

Insiders Place Their Bets

In other news, insider Richard Stables bought 25,000 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were bought at an average cost of GBX 98 ($1.22) per share, for a total transaction of £24,500 ($30,427.22). Over the last 90 days, insiders have purchased 25,081 shares of company stock valued at $2,460,055. Insiders own 1.50% of the company’s stock.

The Gym Group Company Profile

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The Gym Group plc operates a chain of health and fitness facilities in the United Kingdom. As of December 31, 2021, it operated 202 gym sites under The Gym Group brand. The company was founded in 2007 and is based in Croydon, the United Kingdom.

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