Surgical Innovations Group (LON:SUN) Shares Up 10.9% – Here’s Why

Surgical Innovations Group plc (LON:SUN) shot up 10.9% during mid-day trading on Monday . The company traded as high as GBX 0.50 and last traded at GBX 0.50. 1,389,429 shares were traded during trading, an increase of 204% from the average session volume of 457,255 shares. The stock had previously closed at GBX 0.45.

Surgical Innovations Group Stock Performance

The stock has a fifty day moving average of GBX 0.46 and a 200-day moving average of GBX 0.48. The stock has a market cap of £4.30 million, a PE ratio of -4.61 and a beta of 0.65. The company has a quick ratio of 1.61, a current ratio of 1.94 and a debt-to-equity ratio of 13.96.

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

About Surgical Innovations Group

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.