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

Surgical Innovations Group plc (LON:SUN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.49 and traded as high as GBX 0.50. Surgical Innovations Group shares last traded at GBX 0.44, with a volume of 23,456 shares changing hands.

Surgical Innovations Group Price Performance

The company has a debt-to-equity ratio of 13.96, a quick ratio of 1.61 and a current ratio of 1.94. The stock’s 50-day moving average is GBX 0.46 and its 200 day moving average is GBX 0.49. The stock has a market capitalization of £4.20 million, a PE ratio of -4.50 and a beta of 0.65.

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

Surgical Innovations Group Company Profile

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.