SBC Medical Group (NASDAQ:SBC) Shares Gap Down - Here's What Happened

SBC Medical Group Holdings Incorporated (NASDAQ:SBC - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $5.33, but opened at $5.00. SBC Medical Group shares last traded at $5.23, with a volume of 18,817 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of SBC Medical Group to a "strong-buy" rating in a research report on Saturday, June 21st.

SBC Medical Group Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.40 and a current ratio of 4.44. The firm has a 50 day moving average price of $4.31 and a 200-day moving average price of $4.34.

SBC Medical Group (NASDAQ:SBC - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.10. The firm had revenue of $47.33 million during the quarter, compared to analyst estimates of $51.52 million. On average, analysts expect that SBC Medical Group Holdings Incorporated will post 5.02 EPS for the current fiscal year.

About SBC Medical Group

SBC Medical Group Holdings Incorporated, through its subsidiaries, provides services to support the operation of clinics which deliver specialized medical services in the areas of cosmetic medicine, esthetic dentistry and Androgenetic Alopecia or AGA, primarily in Japan and centered on the SBC Shonan Beauty Clinic Brand.