Advanced Medical Solutions Group (LON:AMS) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Advanced Medical Solutions Group plc (LON:AMS) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 216.63 and traded as low as GBX 210. Advanced Medical Solutions Group shares last traded at GBX 217, with a volume of 875,326 shares.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 260 price target on shares of Advanced Medical Solutions Group in a research note on Thursday, April 9th. Berenberg Bank reiterated a “buy” rating and set a GBX 300 price target on shares of Advanced Medical Solutions Group in a research note on Tuesday, May 19th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 270.25.

Advanced Medical Solutions Group Stock Performance

The firm has a 50 day moving average of GBX 224.62 and a two-hundred day moving average of GBX 216.64. The stock has a market cap of £470.70 million, a P/E ratio of 48.01, a P/E/G ratio of 5.00 and a beta of 0.71. The company has a debt-to-equity ratio of 31.50, a quick ratio of 4.58 and a current ratio of 2.79.

Advanced Medical Solutions Group (LON:AMS) last announced its earnings results on Wednesday, March 18th. The company reported GBX 11.98 earnings per share for the quarter. Advanced Medical Solutions Group had a return on equity of 3.87% and a net margin of 4.35%. On average, research analysts predict that Advanced Medical Solutions Group plc will post 9.8159509 EPS for the current fiscal year.

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®. AMS also supplies wound care dressings such as silver alginates, alginates and foams through its ActivHeal® brand as well as under white label.