Advanced Medical Solutions Group (LON:AMS) Shares Cross Below 200 Day Moving Average - Here's What Happened

Key Points

• Fell below its 200-day moving average: AMS shares dropped under the 200‑day MA of GBX 214.01, trading as low as GBX 192.20 and last at GBX 193.80 on volume of 10,314,972 shares.
• Berenberg reiterated a Buy with a GBX 300 price target; the stock has an average Buy rating from three analysts and an average target of GBX 273.67.
• The company has a market cap of £419.35m and a P/E of 46.47 with modest profitability (net margin 4.35% and recent EPS GBX 11.98), indicating a relatively high valuation versus earnings.

Advanced Medical Solutions Group plc (LON:AMS - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 214.01 and traded as low as GBX 192.20. Advanced Medical Solutions Group shares last traded at GBX 193.80, with a volume of 10,314,972 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and set a GBX 300 price objective on shares of Advanced Medical Solutions Group in a research report on Wednesday, March 18th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of GBX 273.67.

Advanced Medical Solutions Group Stock Down 0.7%

The firm's 50 day simple moving average is GBX 209.94 and its 200-day simple moving average is GBX 214.01. The company has a market cap of £419.35 million, a price-to-earnings ratio of 46.47, a P/E/G ratio of 5.00 and a beta of 0.60. The company has a debt-to-equity ratio of 31.50, a current ratio of 2.79 and a quick ratio of 4.58.

Advanced Medical Solutions Group (LON:AMS - Get Free Report) last posted its earnings results on Wednesday, March 18th. The company reported GBX 11.98 EPS for the quarter. Advanced Medical Solutions Group had a return on equity of 3.87% and a net margin of 4.35%. As a group, sell-side analysts anticipate that Advanced Medical Solutions Group plc will post 9.8159509 earnings per share for the current year.

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.

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