Surgical Innovations Group (LON:SUN) Stock Price Down 15.8% – Here’s What Happened

Surgical Innovations Group plc (LON:SUN) shares traded down 15.8% during trading on Thursday. The company traded as low as GBX 0.35 and last traded at GBX 0.35. Approximately 5,012,955 shares were traded during trading, an increase of 826% from the average daily volume of 541,075 shares. The stock had previously closed at GBX 0.42.

Surgical Innovations Group Price Performance

The company has a quick ratio of 1.61, a current ratio of 1.94 and a debt-to-equity ratio of 13.96. The company has a market cap of £3.28 million, a price-to-earnings ratio of -2.67 and a beta of 0.65. The company has a fifty day simple moving average of GBX 0.39 and a two-hundred day simple moving average of GBX 0.44.

Surgical Innovations Group (LON:SUN) last announced its quarterly 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.