Surgical Innovations Group (LON:SUN) Shares Pass Below 200-Day Moving Average – Here’s Why

Shares of Surgical Innovations Group plc (LON:SUN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.47 and traded as low as GBX 0.46. Surgical Innovations Group shares last traded at GBX 0.46, with a volume of 50,370 shares trading hands.

Surgical Innovations Group Price Performance

The company’s 50 day moving average is GBX 0.47 and its 200 day moving average is GBX 0.47. The company has a quick ratio of 1.61, a current ratio of 1.94 and a debt-to-equity ratio of 13.96. The firm has a market capitalization of £4.30 million, a price-to-earnings ratio of -4.61 and a beta of 0.65.

Surgical Innovations Group (LON:SUN) last issued its earnings results on Tuesday, April 21st. The company reported GBX (0.10) earnings per share (EPS) for the quarter. Surgical Innovations Group had a negative return on equity of 6.04% and a negative net margin of 4.96%.The firm had revenue of GBX 1,160 million during the quarter.

About Surgical Innovations Group

About Surgical Innovations Group plc

The Group specialises in the design, manufacture, sale and distribution of innovative, high quality medical products, primarily for use in minimally invasive surgery. Our product and business development is guided and supported by a key group of nationally and internationally renowned surgeons across the spectrum of minimally invasive surgical activity.

We design and manufacture and source our branded port access systems, surgical instruments and retraction devices which are sold directly in the UK home market through our subsidiary, Elemental Healthcare, and exported widely through a global network of trusted distribution partners.