Spire Healthcare Group (LON:SPI) Stock Price Down 16.3% – Here’s What Happened

Shares of Spire Healthcare Group plc (LON:SPI) fell 16.3% on Thursday . The company traded as low as GBX 169 ($2.18) and last traded at GBX 188 ($2.42). 4,929,258 shares changed hands during mid-day trading, an increase of 648% from the average session volume of 658,925 shares. The stock had previously closed at GBX 224.50 ($2.89).

Spire Healthcare Group Stock Down 16.3 %

The company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 62.25. The stock has a market cap of £754.90 million, a price-to-earnings ratio of 26.76, a PEG ratio of 1.06 and a beta of 0.96. The business’s fifty day moving average is GBX 229.09 and its two-hundred day moving average is GBX 230.72.

Spire Healthcare Group (LON:SPI) last announced its quarterly earnings data on Thursday, March 6th. The company reported GBX 8.80 ($0.11) earnings per share for the quarter. Spire Healthcare Group had a net margin of 1.96% and a return on equity of 3.82%. Equities analysts forecast that Spire Healthcare Group plc will post 15.6634747 earnings per share for the current fiscal year.

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.