SBC Medical Group (NASDAQ:SBC) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen cut shares of SBC Medical Group (NASDAQ:SBC) from a strong-buy rating to a buy rating in a report published on Saturday.

SBC Medical Group Trading Down 4.9%

Shares of SBC Medical Group stock opened at $4.24 on Friday. The firm has a market capitalization of $439.31 million, a PE ratio of 13.25 and a beta of 1.27. SBC Medical Group has a twelve month low of $2.62 and a twelve month high of $19.50. The firm’s 50-day moving average price is $4.63 and its 200 day moving average price is $4.21. The company has a current ratio of 3.98, a quick ratio of 3.95 and a debt-to-equity ratio of 0.03.

SBC Medical Group (NASDAQ:SBC) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.12). SBC Medical Group had a net margin of 17.71% and a return on equity of 20.76%. The company had revenue of $43.36 million during the quarter, compared to analysts’ expectations of $44.71 million. On average, sell-side analysts predict that SBC Medical Group will post 5.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SBC. XTX Topco Ltd purchased a new position in SBC Medical Group in the 2nd quarter worth approximately $64,000. New York State Common Retirement Fund purchased a new position in SBC Medical Group in the 2nd quarter worth approximately $104,000. SBI Securities Co. Ltd. lifted its stake in SBC Medical Group by 227.3% in the 2nd 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 in the last quarter. Finally, Geode Capital Management LLC purchased a new position in SBC Medical Group in the 2nd quarter worth approximately $455,000. 60.82% of the stock is owned by hedge funds and other institutional investors.

SBC Medical Group Company Profile

SBC Medical Group Holdings Incorporated, through its subsidiaries, provides services to support the operation of clinics which deliver specialized medical services in the areas of cosmetic medicine, esthetic dentistry and Androgenetic Alopecia or AGA, primarily in Japan and centered on the SBC Shonan Beauty Clinic Brand.