SBC Medical Group Holdings Incorporated (NASDAQ:SBC - Get Free Report)'s stock price dropped 4% on Friday . The company traded as low as $5.23 and last traded at $5.27. Approximately 60,142 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 72,871 shares. The stock had previously closed at $5.49.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of SBC Medical Group to a "strong-buy" rating in a research note on Saturday, June 21st.
Read Our Latest Stock Report on SBC
SBC Medical Group Trading Down 3.9%
The company has a current ratio of 4.44, a quick ratio of 4.40 and a debt-to-equity ratio of 0.03. The firm's 50-day moving average price is $4.52 and its two-hundred day moving average price is $4.31.
SBC Medical Group (NASDAQ:SBC - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.10. The business had revenue of $47.33 million for the quarter, compared to the consensus estimate of $51.52 million. Research analysts forecast that SBC Medical Group Holdings Incorporated will post 5.02 earnings per share for the current year.
About SBC Medical Group
(
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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