Surgical Innovations Group (LON:SUN) Shares Down 40% – Here’s What Happened

Shares of Surgical Innovations Group plc (LON:SUN) dropped 40% on Thursday . The stock traded as low as GBX 0.33 and last traded at GBX 0.33. Approximately 412,340 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 1,116,928 shares. The stock had previously closed at GBX 0.55.

Surgical Innovations Group Price Performance

The company has a market capitalization of £4.36 million, a price-to-earnings ratio of -2.99 and a beta of 0.65. The company’s 50 day simple moving average is GBX 0.56 and its 200-day simple moving average is GBX 0.63. The company has a current ratio of 1.94, a quick ratio of 1.61 and a debt-to-equity ratio of 13.96.

About Surgical Innovations Group

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.