Spire Healthcare Group (LON:SPI) Shares Down 17.8% – Here’s What Happened

Spire Healthcare Group plc (LON:SPI)’s share price was down 17.8% during trading on Thursday . The stock traded as low as GBX 169 ($2.18) and last traded at GBX 184.60 ($2.38). Approximately 5,565,048 shares were traded during trading, an increase of 727% from the average daily volume of 672,747 shares. The stock had previously closed at GBX 224.50 ($2.89).

Spire Healthcare Group Price Performance

The business’s 50-day simple moving average is GBX 229.09 and its 200 day simple moving average is GBX 230.72. The company has a current ratio of 0.70, a quick ratio of 0.74 and a debt-to-equity ratio of 62.25. The company has a market capitalization of £741.30 million, a P/E ratio of 26.27, a P/E/G ratio of 1.06 and a beta of 0.96.

Spire Healthcare Group (LON:SPI) last issued its quarterly earnings results on Thursday, March 6th. The company reported GBX 8.80 ($0.11) earnings per share (EPS) for the quarter. Spire Healthcare Group had a return on equity of 3.82% and a net margin of 1.96%. As a group, sell-side analysts anticipate that Spire Healthcare Group plc will post 15.6634747 EPS for the current year.

Spire Healthcare Group Company Profile

Spire Healthcare Group plc, together with its subsidiaries, owns and operates private hospitals and clinics. It offers various treatments in the areas of allergy and infectious diseases, blood tests, bones and joints, bowel treatments, breast screening and surgery, cancer investigations and treatments, cosmetic surgery, cyst removal, and dental surgery, as well as ear, nose, and throat treatments.