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Shares of GMVD have slumped 18.4% in price over the past three months to close yesterday’s trading session at $2.30. The stock is currently trading above its 50-day moving average of $2.26, but below its 200-day moving average of $2.83.
The global healthcare industry is thriving with increased demand for healthcare products and services and continuing investments in the sector. An aging population is also driving the industry’s growth. So, with rising demand and continued medical advances and innovations, the industry is expected to keep growing. However, GMVD’s bottom-line has yet to reflect the industry tailwinds.
