Advanced Medical Solutions Group (LON:AMS) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Advanced Medical Solutions Group plc (LON:AMS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 210.21 and traded as high as GBX 211.50. Advanced Medical Solutions Group shares last traded at GBX 208.50, with a volume of 373,314 shares.

Wall Street Analyst Weigh In

AMS has been the topic of a number of recent analyst reports. Peel Hunt reiterated a “buy” rating and set a GBX 246 price target on shares of Advanced Medical Solutions Group in a research report on Wednesday, September 17th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 300 target price on shares of Advanced Medical Solutions Group in a research note on Wednesday, September 17th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 273.67.

Advanced Medical Solutions Group Price Performance

The firm has a market capitalization of £450.90 million, a PE ratio of 50.00, a price-to-earnings-growth ratio of 5.00 and a beta of 0.74. The stock’s 50 day simple moving average is GBX 218.05 and its two-hundred day simple moving average is GBX 210.21. The company has a debt-to-equity ratio of 37.01, a quick ratio of 4.58 and a current ratio of 8.39.

Advanced Medical Solutions Group (LON:AMS) last posted its quarterly earnings results on Wednesday, September 17th. The company reported GBX 5.77 EPS for the quarter. Advanced Medical Solutions Group had a return on equity of 4.57% and a net margin of 8.49%. On average, sell-side analysts forecast that Advanced Medical Solutions Group plc will post 9.8159509 EPS for the current year.

Insiders Place Their Bets

In other news, insider A Christopher (Chris) Meredith sold 50,510 shares of the business’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of GBX 218, for a total transaction of £110,111.80. Also, insider Eddie Johnson sold 18,726 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of GBX 220, for a total transaction of £41,197.20. 4.12% of the stock is owned by company insiders.

Advanced Medical Solutions Group Company Profile

AMS is a world-leading independent developer and manufacturer of innovative tissue-healing technology, focused on quality outcomes for patients and value for payers. AMS has a wide range of surgical products including tissue adhesives, sutures, haemostats, internal fixation devices and internal sealants, which it markets under its brands LiquiBand®, RESORBA®, LiquiBandFix8®, and Seal-G®.