Inspiration Healthcare Group (LON:IHC) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Inspiration Healthcare Group plc (LON:IHC) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 16.37 ($0.21) and traded as low as GBX 16.25 ($0.21). Inspiration Healthcare Group shares last traded at GBX 16.25 ($0.21), with a volume of 24,532 shares changing hands.

Inspiration Healthcare Group Price Performance

The company has a market cap of £14.29 million, a price-to-earnings ratio of -1.13 and a beta of 0.09. The company has a debt-to-equity ratio of 53.18, a quick ratio of 1.55 and a current ratio of 2.52. The company’s 50 day moving average price is GBX 16.37 and its 200 day moving average price is GBX 15.88.

Insider Transactions at Inspiration Healthcare Group

In related news, insider Neil Campbell sold 2,000,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of GBX 17 ($0.22), for a total transaction of £340,000 ($432,790.22). Company insiders own 31.80% of the company’s stock.

About Inspiration Healthcare Group

Inspiration Healthcare (AIM: IHC) designs, manufactures and markets pioneering medical technology. Based in the UK, the Company specialises in neonatal intensive care medical devices, which are addressing a critical need to help to save the lives and improve the outcomes of patients, starting with the very first breaths of life.

The Company has a broad portfolio of its own products and complementary distributed products, for use in neonatal intensive care designed to support even the most premature babies throughout their hospital stay.