Deltex Medical Group (DEMG)

Sector:

Health Care

Index:

FTSE AIM All-Share

 1.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.65
  • 52 Week Low: 0.90
  • Currency: UK Pounds
  • Shares Issued: 524.46m
  • Volume: 31,873
  • Market Cap: £7.87m
  • RiskGrade: 450

Deltex shares soar on new US contract news

By Frank Prenesti

Date: Wednesday 17 Jan 2018

LONDON (ShareCast) - (ShareCast News) - Deltex Medical Group shares almost doubled on Wednesday after it announced a new hospital account in the US.
The unnamed client is a university teaching hospital in Deltex's mid-Atlantic sales territory and the flagship site within a six hospital healthcare system. The

The hospital evaluated Deltex's oesophageal doppler monitoring (ODM) thoroughly in 150 patients undergoing either colorectal or urology surgery in November and December 2016.

In colorectal surgery ODM helped with 10% reduction in mean length of hospital stay and in urology surgery a 20% reduction.

"The...hospital has now started implementing ODM into its standard operating procedures for both colorectal and urological surgery," Deltex said, adding that clinicians expect this to lead to use of 40 to 50 probes a month.

The system planned to introduce ODM into its two largest hospitals in the second quarter of 2018 and the remaining three by the final quarter of 2018 by which time the flagship hospital expects to have started to roll ODM usage out into other surgical disciplines, Deltex said.

Chief executive Ewan Phillips said successful implementation through the hospital and wider system would help drive overall US sales growth as well as providing an additional highly rated reference account.

"The results from the hospital's evaluation validate the value our ODM technology offers even in those hospitals that have the very best patient outcomes. It is noteworthy that this US hospital was able to use ODM to improve its patients' recoveries even though its starting points for lengths of stay for these types of surgery were already around half the NHS England average," he said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

DEMG Market Data

Currency UK Pounds
Share Price 1.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.65
52 Week Low 0.90
Volume 31,873
Shares Issued 524.46m
Market Cap £7.87m
RiskGrade 450

DEMG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.76% below the market average47.76% below the market average47.76% below the market average47.76% below the market average47.76% below the market average
45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% above the sector average45.95% above the sector average
Price Trend
62.26% above the market average62.26% above the market average62.26% above the market average62.26% above the market average62.26% above the market average
12.82% above the sector average12.82% above the sector average12.82% above the sector average12.82% above the sector average12.82% above the sector average
Income Not Available
Growth
56.19% below the market average56.19% below the market average56.19% below the market average56.19% below the market average56.19% below the market average
70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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DEMG Dividends

No dividends found

Trades for 07-Jul-2020

Time Volume / Share Price
15:56 2,000 @ 1.49p
15:10 25,873 @ 1.40p
12:33 4,000 @ 1.40p

DEMG Key Personnel

Chair Nigel J Keen
CEO Andy Mears

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