The Beauty Tech Group (LON:TBTG) Stock Price Up 7.6% – Here’s What Happened

The Beauty Tech Group (LON:TBTG) rose 7.6% during mid-day trading on Friday . The stock traded as high as GBX 369 and last traded at GBX 355. Approximately 82,137 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 242,635 shares. The stock had previously closed at GBX 330.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 500 price target on shares of The Beauty Tech Group in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, The Beauty Tech Group currently has a consensus rating of “Buy” and a consensus price target of GBX 500.

The Beauty Tech Group Trading Up 7.6%

The firm’s 50-day moving average is GBX 304.84. The firm has a market capitalization of £377.01 million and a P/E ratio of 32.27.

The Beauty Tech Group (LON:TBTG) last posted its quarterly earnings results on Thursday, April 16th. The beauty technology company reported GBX 11 earnings per share (EPS) for the quarter. The business had revenue of £140.96 million during the quarter.

The Beauty Tech Group Company Profile

The Beauty Tech Group is a UK-headquartered beauty technology company focused on developing, marketing and selling clinically backed at-home beauty devices and related skincare products. The group operates a portfolio of category-leading brands, including CurrentBody Skin, ZIIP Beauty and Tria Laser, and offers products built around core aesthetic technologies used in professional settings, including LED light therapy, radio frequency, microcurrent and laser treatments.