Basel Medical Group (NASDAQ:BMGL) Stock Price Down 4.8% – Here’s What Happened

Shares of Basel Medical Group Ltd (NASDAQ:BMGL) were down 4.8% on Monday . The company traded as low as $0.61 and last traded at $0.62. Approximately 19,222 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 40,424 shares. The stock had previously closed at $0.6510.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Basel Medical Group in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Basel Medical Group Trading Down 4.8%

The firm has a fifty day simple moving average of $0.74 and a 200 day simple moving average of $1.38. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.27.

Basel Medical Group (NASDAQ:BMGL) last issued its earnings results on Monday, November 17th. The company reported ($0.25) earnings per share for the quarter. The business had revenue of $2.60 million during the quarter.

Institutional Investors Weigh In On Basel Medical Group

Several large investors have recently modified their holdings of BMGL. Marex Group plc bought a new position in shares of Basel Medical Group during the second quarter valued at approximately $25,000. Vanguard Personalized Indexing Management LLC bought a new stake in Basel Medical Group during the 3rd quarter valued at $40,000. Virtu Financial LLC boosted its position in Basel Medical Group by 108.8% during the 3rd quarter. Virtu Financial LLC now owns 33,786 shares of the company’s stock valued at $61,000 after acquiring an additional 17,608 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Basel Medical Group in the 3rd quarter valued at $169,000.

About Basel Medical Group

Basel Medical Group Ltd. is an investment holding company, which engages in providing orthopedic surgeries, medical care, and diagnosis services. Its services include orthopedic surgeries, medical care, rehabilitative therapy, physiotherapy, non-surgical treatments, medical diagnosis, magnetic resonance imaging, general surgery, x-ray, lump removal, sports medicine, and total hip replacement. The company was founded by Man Hing Yip on August 10, 2023 and is headquartered in Singapore.