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

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

Surgical Innovations Group Trading Down 17.8%

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 firm has a market cap of £4.22 million, a price-to-earnings ratio of -4.52 and a beta of 0.65. The business has a 50 day moving average price of GBX 0.47 and a 200-day moving average price of GBX 0.46.

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

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.