Advanced Medical Solutions Group (LON:AMS) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Advanced Medical Solutions Group plc (LON:AMS) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 231.18 and traded as high as GBX 281. Advanced Medical Solutions Group shares last traded at GBX 281, with a volume of 4,877,812 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 275 price target on shares of Advanced Medical Solutions Group in a report on Friday, June 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 260 price objective on shares of Advanced Medical Solutions Group in a report on Thursday, April 9th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 300 target price on shares of Advanced Medical Solutions Group in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 270.25.

Advanced Medical Solutions Group Stock Down 0.2%

The company has a debt-to-equity ratio of 31.50, a current ratio of 2.79 and a quick ratio of 4.58. The stock’s fifty day simple moving average is GBX 256.88 and its 200-day simple moving average is GBX 231.18. The stock has a market cap of £609.83 million, a P/E ratio of 62.06, a PEG ratio of 5.00 and a beta of 0.70.

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®. AMS also supplies wound care dressings such as silver alginates, alginates and foams through its ActivHeal® brand as well as under white label.