Inspiration Healthcare Group (LON:IHC) Stock Passes Above 50 Day Moving Average – Time to Sell?

Inspiration Healthcare Group plc (LON:IHC)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 15.47 ($0.20) and traded as high as GBX 16.75 ($0.22). Inspiration Healthcare Group shares last traded at GBX 16.37 ($0.21), with a volume of 2,568 shares.

Inspiration Healthcare Group Stock Down 4.5 %

The business’s 50 day simple moving average is GBX 15.54 and its 200-day simple moving average is GBX 16.35. The company has a market cap of £13.86 million, a price-to-earnings ratio of -1.10 and a beta of 0.09. The company has a debt-to-equity ratio of 53.18, a quick ratio of 1.55 and a current ratio of 2.52.

Insider Buying and Selling

In other Inspiration Healthcare Group news, insider Neil Campbell sold 2,000,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of GBX 17 ($0.22), for a total value of £340,000 ($438,992.90). Insiders own 31.80% of the company’s stock.

About Inspiration Healthcare Group

Inspiration Healthcare (AIM: IHC) designs, manufactures and markets pioneering medical technology. Based in the UK, the Company specialises in neonatal intensive care medical devices, which are addressing a critical need to help to save the lives and improve the outcomes of patients, starting with the very first breaths of life.

The Company has a broad portfolio of its own products and complementary distributed products, for use in neonatal intensive care designed to support even the most premature babies throughout their hospital stay.