Why Jiu'an Medical surged

As a medical device company, Jiuan Medical is involved in a variety of fields including surgical instruments, infection control, respiratory therapy, rehabilitation care, sterilization and other aspects. With the development of the new crown epidemic, medical equipment has become one of the important materials for epidemic prevention and control, and Jiu'an Medical has become a market hot spot.

And after the beginning of 2020, nine Ann medical in all kinds of epidemic prevention materials bidding in the bidding frequently, and the company's net profit growth, performance is good, which is also one of the reasons why its share price soared. At the same time, in the A-share market, the overall performance of the medical device industry is strong, also provides a favorable background for the share price of Jiu'an Medical.

Also, Jiu'an Medical went public in October 2019, which is not a long time to go public and means the company's shares are relatively small. When market sentiment is stirring, small-capitalization stocks will be more likely to be pursued by market funds, and it will be easier for the stock price to rise or soar.