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Advanced Medical Solutions Group (LON:AMS) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Advanced Medical Solutions Group logo with Medical background

Key Points

  • Advanced Medical Solutions Group's stock price has crossed above its 200-day moving average of GBX 203.48, reaching a high of GBX 208 during trading.
  • Analysts have set new price targets for the stock, with Berenberg Bank and Deutsche Bank both maintaining a "buy" rating and target prices of GBX 300 and GBX 275, respectively.
  • The company has a market capitalization of £449.55 million and operates as an independent developer of innovative tissue-healing technologies.
  • MarketBeat previews top five stocks to own in November.

Advanced Medical Solutions Group plc (LON:AMS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 203.48 ($2.78) and traded as high as GBX 208 ($2.84). Advanced Medical Solutions Group shares last traded at GBX 207 ($2.83), with a volume of 328,776 shares traded.

Wall Street Analyst Weigh In

AMS has been the subject of a number of recent analyst reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 300 price target on shares of Advanced Medical Solutions Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 275 price target on shares of Advanced Medical Solutions Group in a report on Wednesday, July 16th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of GBX 287.50.

Check Out Our Latest Report on Advanced Medical Solutions Group

Advanced Medical Solutions Group Stock Performance

The firm has a market cap of £452.79 million, a P/E ratio of 6,446.15, a P/E/G ratio of 5.00 and a beta of 0.74. The company has a debt-to-equity ratio of 37.01, a quick ratio of 4.58 and a current ratio of 8.39. The company's 50 day moving average is GBX 205 and its 200 day moving average is GBX 203.29.

About Advanced Medical Solutions Group

(Get Free Report)

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®.

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