Advanced Medical Solutions Group (LON:AMS) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Advanced Medical Solutions Group plc (LON:AMS) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 228.70 and traded as high as GBX 280.50. Advanced Medical Solutions Group shares last traded at GBX 280, with a volume of 3,335,250 shares changing hands.

Wall Street Analyst Weigh In

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

Advanced Medical Solutions Group Price Performance

The firm has a market cap of £609.76 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 current ratio of 2.79, a quick ratio of 4.58 and a debt-to-equity ratio of 31.50. The stock has a 50-day moving average of GBX 250.92 and a 200-day moving average of GBX 229.11.

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.