Surgical Innovations Group (LON:SUN) Stock Breaks Below 200 Day Moving Average – Here’s What Happened

Surgical Innovations Group plc (LON:SUN)’s share price passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 0.45 and traded as low as GBX 0.37. Surgical Innovations Group shares last traded at GBX 0.37, with a volume of 1,965,000 shares.

Surgical Innovations Group Price Performance

The company has a current ratio of 1.94, a quick ratio of 1.61 and a debt-to-equity ratio of 13.96. The company has a market capitalization of £3.73 million, a price-to-earnings ratio of -3.03 and a beta of 0.65. The company has a 50 day moving average price of GBX 0.42 and a 200 day moving average price of GBX 0.45.

Surgical Innovations Group (LON:SUN) last released its earnings results on Wednesday, September 30th. The company reported GBX (0.03) earnings per share for 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.