Shore Capital Reaffirms Buy Rating for The Gym Group

Shore Capital has reaffirmed its "buy" rating for shares of The Gym Group (LON:GYM) in a report released to investors on Tuesday.

The Gym Group Stock Performance

On Tuesday, shares of The Gym Group increased by GBX 7.80 ($0.10), closing at GBX 149.80 ($1.83). The trading volume for the day was 1,801,947 shares, significantly higher than the average volume of 316,884 shares. The company's stock has a 50-day moving average of GBX 155.77 and a 200-day moving average of GBX 148.77. The market capitalization for The Gym Group sits at £266.46 million. The company also reports a P/E ratio of -14,980.00 and a PEG ratio of -12.95, indicating that it has faced challenges in profitability. The company has a beta of 1.75, a debt-to-equity ratio of 307.68, indicating a high level of debt relative to equity, alongside a current ratio of 0.20 and a quick ratio of 0.27. Over the past year, the stock has reached a low of GBX 105 ($1.28) and a high of GBX 174.21 ($2.13).

Insider Activity at The Gym Group

In a related development, Elaine O'Donnell, an insider, purchased 12,500 shares of the company on Thursday, November 7th, at an average price of GBX 161 ($1.97) per share. This transaction amounted to a total of £20,125 ($24,626.77). Currently, insiders own 2.53% of The Gym Group's stock.

About The Gym Group

The Gym Group plc, along with its subsidiaries, operates a network of fitness facilities under the Gym Group brand across the United Kingdom. Founded in 2007, the company's headquarters is located in Croydon, UK.

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