Surgical Innovations Group (LON:SUN) Shares Cross Below 200 Day Moving Average – Should You Sell?

Surgical Innovations Group plc (LON:SUN)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.47 and traded as low as GBX 0.45. Surgical Innovations Group shares last traded at GBX 0.45, with a volume of 436,223 shares changing hands.

Surgical Innovations Group Trading Down 5.3%

The company has a 50 day moving average of GBX 0.47 and a two-hundred day moving average of GBX 0.47. 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 capitalization of £4.20 million, a PE ratio of -4.50 and a beta of 0.65.

Surgical Innovations Group (LON:SUN) last announced its earnings results on Tuesday, April 21st. The company reported GBX (0.10) earnings per share for the quarter. Surgical Innovations Group had a negative return on equity of 6.04% and a negative net margin of 4.96%.The business had revenue of GBX 1,160 million for the quarter.

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.