SBC Medical Group (NASDAQ:SBC) Shares Down 0.5% – Time to Sell?

Shares of SBC Medical Group Holdings Incorporated (NASDAQ:SBC) traded down 0.5% during trading on Monday . The stock traded as low as $4.09 and last traded at $4.15. 22,132 shares traded hands during trading, a decline of 22% from the average session volume of 28,350 shares. The stock had previously closed at $4.17.

Analyst Ratings Changes

A number of equities research analysts have commented on SBC shares. Weiss Ratings reissued a “sell (d+)” rating on shares of SBC Medical Group in a report on Monday, December 29th. Maxim Group started coverage on shares of SBC Medical Group in a research report on Wednesday, November 5th. They set a “buy” rating and a $9.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, SBC Medical Group currently has an average rating of “Hold” and an average price target of $9.00.

SBC Medical Group Price Performance

The company has a current ratio of 5.10, a quick ratio of 5.06 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $425.71 million, a P/E ratio of 10.12 and a beta of 1.13. The company has a fifty day simple moving average of $4.43 and a two-hundred day simple moving average of $4.12.

Hedge Funds Weigh In On SBC Medical Group

A number of hedge funds and other institutional investors have recently bought and sold shares of SBC. Geode Capital Management LLC bought a new stake in shares of SBC Medical Group during the 2nd quarter valued at $455,000. Millennium Management LLC acquired a new stake in shares of SBC Medical Group during the third quarter worth $219,000. SBI Securities Co. Ltd. grew its stake in shares of SBC Medical Group by 227.3% during the second quarter. SBI Securities Co. Ltd. now owns 54,177 shares of the company’s stock worth $251,000 after purchasing an additional 37,623 shares during the period. New York State Common Retirement Fund bought a new stake in SBC Medical Group in the second quarter valued at about $104,000. Finally, Williams & Novak LLC acquired a new position in SBC Medical Group in the fourth quarter valued at about $65,000. 60.82% of the stock is owned by institutional investors.

About SBC Medical Group

SBC Medical Group, Inc is a publicly traded healthcare management services company listed on the Nasdaq under the ticker SBC. The company specializes in supporting in-office ancillary service providers by offering a suite of administrative and operational solutions designed to streamline practice management and enhance revenue performance. Its core mission is to help physician practices, imaging centers and other ancillary service providers focus on patient care while outsourcing complex back-office functions.

The company’s primary offerings include revenue cycle management, medical billing and coding, compliance oversight and transcription services.