Surgical Innovations Group (LON:SUN) Shares Down 8.2% – What’s Next?

Surgical Innovations Group plc (LON:SUN) shares dropped 8.2% during trading on Wednesday . The stock traded as low as GBX 0.40 and last traded at GBX 0.41. Approximately 228,909 shares traded hands during trading, a decline of 58% from the average daily volume of 542,818 shares. The stock had previously closed at GBX 0.45.

Surgical Innovations Group Stock Performance

The stock has a fifty day simple moving average of GBX 0.51 and a two-hundred day simple moving average of GBX 0.60. 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 has a market cap of £3.75 million, a price-to-earnings ratio of -2.58 and a beta of 0.65.

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.