Surgical Innovations Group (LON:SUN) Shares Down 17.8% – What’s Next?

Surgical Innovations Group plc (LON:SUN) dropped 17.8% on Thursday . The company traded as low as GBX 0.45 and last traded at GBX 0.45. Approximately 211,540 shares traded hands during trading, a decline of 44% from the average daily volume of 376,123 shares. The stock had previously closed at GBX 0.55.

Surgical Innovations Group Stock Down 17.8%

The firm has a fifty day simple moving average of GBX 0.47 and a 200-day simple moving average of GBX 0.46. The company has a market capitalization of £4.22 million, a PE ratio of -4.52 and a beta of 0.65. The company has a debt-to-equity ratio of 13.96, a quick ratio of 1.61 and a current ratio of 1.94.

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

About Surgical Innovations Group

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.