Spire Healthcare Group (LON:SPI) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Spire Healthcare Group plc (LON:SPI)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 237.59 ($3.00) and traded as low as GBX 224.50 ($2.83). Spire Healthcare Group shares last traded at GBX 228.50 ($2.88), with a volume of 232,197 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 300 ($3.79) target price on shares of Spire Healthcare Group in a research note on Tuesday, September 17th.

Spire Healthcare Group Price Performance

The company has a market cap of £922.73 million, a price-to-earnings ratio of 3,264.29, a PEG ratio of 1.06 and a beta of 0.96. The company’s 50 day moving average price is GBX 222.03 and its 200 day moving average price is GBX 237.20. The company has a current ratio of 0.70, a quick ratio of 0.74 and a debt-to-equity ratio of 169.51.

Insider Activity at Spire Healthcare Group

In related news, insider Justin Ash bought 21,100 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were bought at an average cost of GBX 236 ($2.98) per share, for a total transaction of £49,796 ($62,849.93). 34.71% of the stock is owned by insiders.

About Spire Healthcare Group

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.