Inspiration Healthcare Group (LON:IHC) Stock Price Down 8.7% – Here’s Why

Inspiration Healthcare Group plc (LON:IHC) shares were down 8.7% during mid-day trading on Friday . The company traded as low as GBX 16.79 and last traded at GBX 16.99. Approximately 491,789 shares were traded during trading, an increase of 354% from the average daily volume of 108,239 shares. The stock had previously closed at GBX 18.60.

Inspiration Healthcare Group Stock Performance

The firm has a market capitalization of £15.24 million, a PE ratio of -1.25 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 business’s fifty day simple moving average is GBX 19.79 and its 200-day simple moving average is GBX 21.08.

Inspiration Healthcare Group (LON:IHC) last issued its earnings results on Tuesday, October 7th. The company reported GBX (0.29) earnings per share for the quarter. Inspiration Healthcare Group had a negative return on equity of 34.30% and a negative net margin of 28.46%. As a group, equities research analysts expect that Inspiration Healthcare Group plc will post 1.3444767 EPS for the current year.

Inspiration Healthcare Group Company Profile

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.