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

Key Points

• Advanced Medical Solutions Group shares recently surpassed their 200-day moving average, indicating strong momentum with a current trading price of GBX 221 ($2.98).
• Investment analysts maintain a "buy" rating for the stock, with price targets ranging from GBX 246 to GBX 300, reflecting positive sentiment in the market.
• Insider A Christopher Meredith sold 50,510 shares at an average price of GBX 218, suggesting potential stock movement from insider trading activities.

Advanced Medical Solutions Group plc (LON:AMS - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 203.91 ($2.75) and traded as high as GBX 222.50 ($3.00). Advanced Medical Solutions Group shares last traded at GBX 221 ($2.98), with a volume of 325,905 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMS shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 275 price target on shares of Advanced Medical Solutions Group in a research note on Wednesday, July 16th. Peel Hunt reissued a "buy" rating and set a GBX 246 price target on shares of Advanced Medical Solutions Group in a research report on Wednesday, September 17th. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 300 price target on shares of Advanced Medical Solutions Group in a research report on Wednesday, September 17th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Advanced Medical Solutions Group has an average rating of "Buy" and an average target price of GBX 273.67.

Advanced Medical Solutions Group Stock Up 2.1%

The stock has a market capitalization of £477.65 million, a P/E ratio of 6,800.00, a PEG 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 has a 50 day simple moving average of GBX 208 and a two-hundred day simple moving average of GBX 203.91.

Advanced Medical Solutions Group (LON:AMS - Get Free Report) last announced its quarterly earnings results on Wednesday, September 17th. The company reported GBX 5.77 EPS for the quarter. Advanced Medical Solutions Group had a return on equity of 4.57% and a net margin of 8.49%. On average, equities research analysts expect that Advanced Medical Solutions Group plc will post 9.8159509 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Medical Solutions Group news, insider A Christopher (Chris) Meredith sold 50,510 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of GBX 218, for a total transaction of £110,111.80. Insiders own 4.13% of the company's stock.

About Advanced Medical Solutions Group

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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