Surgical Innovations Group (LON:SUN) Stock Price Down 13.5% – Here’s Why

Shares of Surgical Innovations Group plc (LON:SUN) dropped 13.5% during trading on Tuesday . The stock traded as low as GBX 0.48 ($0.01) and last traded at GBX 0.48 ($0.01). Approximately 808,000 shares traded hands during trading, a decline of 5% from the average daily volume of 851,013 shares. The stock had previously closed at GBX 0.55 ($0.01).

Surgical Innovations Group Price Performance

The company has a debt-to-equity ratio of 13.96, a current ratio of 1.94 and a quick ratio of 1.61. The stock’s 50 day moving average price is GBX 0.54 and its two-hundred day moving average price is GBX 0.60. The firm has a market capitalization of £4.90 million, a price-to-earnings ratio of -21.11 and a beta of 0.65.

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.