Advanced Medical Solutions Group (LON:AMS) Hits New 12-Month High After Dividend Announcement

Advanced Medical Solutions Group plc (LON:AMS)’s stock price reached a new 52-week high on Wednesday after the company announced a dividend. The company traded as high as GBX 269 ($3.55) and last traded at GBX 264.20 ($3.49), with a volume of 1126602 shares. The stock had previously closed at GBX 241.50 ($3.19).

The newly announced dividend which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be issued a GBX 0.77 ($0.01) dividend. This represents a dividend yield of 0.32%. The ex-dividend date is Thursday, September 26th. Advanced Medical Solutions Group’s dividend payout ratio (DPR) is presently 2,857.14%.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 300 ($3.96) price objective on shares of Advanced Medical Solutions Group in a research report on Wednesday.

Advanced Medical Solutions Group Stock Performance

The company has a fifty day moving average price of GBX 240.10 and a two-hundred day moving average price of GBX 216.16. The firm has a market cap of £525.48 million, a price-to-earnings ratio of 3,500.00, a price-to-earnings-growth ratio of 4.83 and a beta of 0.74. The company has a debt-to-equity ratio of 3.74, a current ratio of 5.67 and a quick ratio of 4.58.

About Advanced Medical Solutions Group

Advanced Medical Solutions Group plc, together with its subsidiaries, designs, develops, manufactures, and distributes products for the wound care, surgical, and wound closure markets in the United Kingdom, Germany, rest of Europe, the United States, and internationally. It operates in two segments, Surgical and Woundcare.