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Spire Healthcare Group (LON:SPI) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Spire Healthcare Group logo with Medical background

Spire Healthcare Group plc (LON:SPI - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 210.48 ($2.81) and traded as low as GBX 194 ($2.59). Spire Healthcare Group shares last traded at GBX 198.48 ($2.65), with a volume of 648,433 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Spire Healthcare Group from GBX 320 ($4.27) to GBX 300 ($4.01) and set a "buy" rating for the company in a report on Thursday, March 6th.

Read Our Latest Stock Report on Spire Healthcare Group

Spire Healthcare Group Stock Up 0.5%

The firm's fifty day moving average is GBX 185.44 and its 200-day moving average is GBX 209.93. The stock has a market capitalization of £801.53 million, a price-to-earnings ratio of 28.41, a PEG ratio of 1.06 and a beta of 0.96. The company has a debt-to-equity ratio of 62.25, a current ratio of 0.70 and a quick ratio of 0.74.

Spire Healthcare Group (LON:SPI - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported GBX 8.80 ($0.12) earnings per share for the quarter. Spire Healthcare Group had a return on equity of 3.82% and a net margin of 1.96%. On average, sell-side analysts predict that Spire Healthcare Group plc will post 15.6634747 earnings per share for the current year.

Spire Healthcare Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 22nd will be paid a dividend of GBX 2.30 ($0.03) per share. This is an increase from Spire Healthcare Group's previous dividend of $2.10. The ex-dividend date is Thursday, May 22nd. This represents a yield of 1.29%. Spire Healthcare Group's dividend payout ratio is presently 42.70%.

Spire Healthcare Group Company Profile

(Get Free Report)

Spire Healthcare Group plc, together with its subsidiaries, owns and operates private hospitals and clinics. It offers various treatments in the areas of allergy and infectious diseases, blood tests, bones and joints, bowel treatments, breast screening and surgery, cancer investigations and treatments, cosmetic surgery, cyst removal, and dental surgery, as well as ear, nose, and throat treatments.

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