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

Advanced Medical Solutions Group plc (LON:AMS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 231.18 and traded as high as GBX 281. Advanced Medical Solutions Group shares last traded at GBX 281, with a volume of 4,877,812 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AMS shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 275 price target on shares of Advanced Medical Solutions Group in a report on Friday, June 26th. Berenberg Bank restated a “buy” rating and set a GBX 300 price objective on shares of Advanced Medical Solutions Group in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 260 target price on shares of Advanced Medical Solutions Group in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 270.25.

Advanced Medical Solutions Group Stock Performance

The company’s fifty day simple moving average is GBX 256.88 and its two-hundred day simple moving average is GBX 231.18. The company has a market capitalization of £609.83 million, a price-to-earnings ratio of 62.06, a price-to-earnings-growth ratio of 5.00 and a beta of 0.70. The company has a debt-to-equity ratio of 31.50, a quick ratio of 4.58 and a current ratio of 2.79.

About Advanced Medical Solutions Group

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.