Advanced Medical Solutions Group (LON:AMS) Shares Cross Above 200 Day Moving Average – Time to Sell?

Advanced Medical Solutions Group plc (LON:AMS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 231.18 and traded as high as GBX 281. Advanced Medical Solutions Group shares last traded at GBX 281, with a volume of 4,877,812 shares.

Analysts Set New Price Targets

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

Advanced Medical Solutions Group Price Performance

The business’s fifty day moving average is GBX 259.34 and its 200-day moving average is GBX 231.92. The company has a debt-to-equity ratio of 31.50, a current ratio of 2.79 and a quick ratio of 4.58. The firm has a market cap of £611.45 million, a PE ratio of 62.17, a P/E/G ratio of 5.00 and a beta of 0.70.

About Advanced Medical Solutions Group

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.