SBC Medical Group Holdings Incorporated (NASDAQ:SBC - Get Free Report)'s stock price was up 16.2% during trading on Monday . The company traded as high as $4.86 and last traded at $4.82. Approximately 75,211 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 65,225 shares. The stock had previously closed at $4.15.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of SBC Medical Group from a "buy" rating to a "hold" rating in a research report on Friday.
View Our Latest Research Report on SBC Medical Group
SBC Medical Group Stock Up 20.2%
The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.95 and a current ratio of 3.98. The stock has a market cap of $518.36 million, a price-to-earnings ratio of 15.59 and a beta of 1.27. The firm's 50-day simple moving average is $4.52 and its two-hundred day simple moving average is $4.13.
SBC Medical Group (NASDAQ:SBC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.12). SBC Medical Group had a net margin of 17.71% and a return on equity of 20.76%. The company had revenue of $43.36 million during the quarter, compared to analyst estimates of $44.71 million. On average, sell-side analysts expect that SBC Medical Group Holdings Incorporated will post 5.02 EPS for the current fiscal year.
Institutional Investors Weigh In On SBC Medical Group
Several institutional investors have recently modified their holdings of the business. Geode Capital Management LLC acquired a new stake in shares of SBC Medical Group during the 2nd quarter worth approximately $455,000. SBI Securities Co. Ltd. boosted its stake in SBC Medical Group by 227.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 54,177 shares of the company's stock worth $251,000 after acquiring an additional 37,623 shares during the last quarter. New York State Common Retirement Fund bought a new position in SBC Medical Group during the 2nd quarter worth approximately $104,000. Finally, XTX Topco Ltd bought a new position in SBC Medical Group during the 2nd quarter worth approximately $64,000. Institutional investors and hedge funds own 60.82% of the company's stock.
SBC Medical Group Company Profile
(
Get Free Report)
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.
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