Basel Medical Group (NASDAQ:BMGL) Releases Quarterly Earnings Results

Basel Medical Group (NASDAQ:BMGL) issued its quarterly earnings results on Friday. The company reported $0.00 earnings per share for the quarter, FiscalAI reports. The company had revenue of $3.21 million for the quarter.

Basel Medical Group Trading Up 2.4%

Basel Medical Group stock opened at $6.87 on Friday. Basel Medical Group has a 1 year low of $4.60 and a 1 year high of $54.60. The firm’s 50 day moving average price is $7.44 and its 200-day moving average price is $7.76.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marex Group plc bought a new position in shares of Basel Medical Group during the 2nd quarter valued at approximately $25,000. Virtu Financial LLC grew its holdings in shares of Basel Medical Group by 108.8% in the third quarter. Virtu Financial LLC now owns 33,786 shares of the company’s stock worth $61,000 after purchasing an additional 17,608 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Basel Medical Group in the 3rd quarter worth about $169,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Basel Medical Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Basel Medical Group Company Profile

Basel Medical Group Ltd. is an investment holding company, which engages in providing orthopedic surgeries, medical care, and diagnosis services. Its services include orthopedic surgeries, medical care, rehabilitative therapy, physiotherapy, non-surgical treatments, medical diagnosis, magnetic resonance imaging, general surgery, x-ray, lump removal, sports medicine, and total hip replacement. The company was founded by Man Hing Yip on August 10, 2023 and is headquartered in Singapore.