Surgical Innovations Group (LON:SUN) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Surgical Innovations Group plc (LON:SUN) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.47 and traded as low as GBX 0.45. Surgical Innovations Group shares last traded at GBX 0.45, with a volume of 436,223 shares trading hands.

Surgical Innovations Group Price Performance

The firm has a market capitalization of £4.37 million, a P/E ratio of -4.68 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. The firm has a 50-day moving average of GBX 0.46 and a 200-day moving average of GBX 0.47.

Surgical Innovations Group (LON:SUN) last released its quarterly earnings data on Tuesday, April 21st. The company reported GBX (0.10) earnings per share (EPS) for the quarter. The business had revenue of GBX 1,160 million during 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.