Advanced Medical Solutions Group (LON:AMS) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Advanced Medical Solutions Group plc (LON:AMS) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 213.35 and traded as high as GBX 219.25. Advanced Medical Solutions Group shares last traded at GBX 215.50, with a volume of 555,265 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 300 price objective on shares of Advanced Medical Solutions Group in a research report on Thursday, January 15th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 273.67.

Advanced Medical Solutions Group Price Performance

The company has a market capitalization of £466.25 million, a PE ratio of 51.68, a price-to-earnings-growth ratio of 5.00 and a beta of 0.74. The company has a quick ratio of 4.58, a current ratio of 8.39 and a debt-to-equity ratio of 37.01. The firm’s 50-day moving average is GBX 216.79 and its 200-day moving average is GBX 213.42.

Advanced Medical Solutions Group Company Profile

AMS is a world-leading independent developer and manufacturer of innovative tissue-healing technology, focused on quality outcomes for patients and value for payers. AMS has a wide range of surgical products including tissue adhesives, sutures, haemostats, internal fixation devices and internal sealants, which it markets under its brands LiquiBand®, RESORBA®, LiquiBandFix8®, and Seal-G®. AMS also supplies wound care dressings such as silver alginates, alginates and foams through its ActivHeal® brand as well as under white label.