The stock of Surgical Innovations Group Plc (LON:SUN) hit a new 52-week high and has GBX 3.82 target or 6.00% above today’s GBX 3.60 share price. The 8 months bullish chart indicates low risk for the GBX 16.92M company. The 1-year high was reported on Nov, 23 by Barchart.com. If the GBX 3.82 price target is reached, the company will be worth GBX 1.02 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 6.70% or GBX 0.23 on November 23, hitting GBX 3.6. About 1.27M shares traded hands or 41.81% up from the average. Surgical Innovations Group Plc (LON:SUN) has risen 66.67% since April 22, 2016 and is uptrending. It has outperformed by 61.34% the S&P500.
More news for Surgical Innovations Group Plc (LON:SUN) were recently published by: Uk.Finance.Yahoo.com, which released: “Surgical Innovations Group plc (SUN.L)” on March 16, 2014. Globenewswire.com‘s article titled: “Minimally Invasive Surgery Market to Expand at 10.50% CAGR by 2019; Driven by …” and published on January 21, 2016 is yet another important article.
Surgical Innovations Group plc is a United Kingdom holding company. The company has a market cap of 16.92 million GBP. The Firm is involved in the design, development, manufacture and sale of devices for use in minimally invasive surgery and precision engineering (PE) markets. It has a 150.04 P/E ratio. The Firm operates through three divisions: SI Brand, OEM and PE.
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