Surface Transforms (LON:SCE) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Surface Transforms Plc (LON:SCE)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1.69 and traded as high as GBX 1.74. Surface Transforms shares last traded at GBX 1.66, with a volume of 645,593 shares.

Surface Transforms Stock Down 3.8%

The stock has a market capitalization of £21.61 million, a price-to-earnings ratio of -1.17 and a beta of 0.35. The firm has a 50 day simple moving average of GBX 2.02 and a 200-day simple moving average of GBX 1.69. The company has a debt-to-equity ratio of 16.90, a current ratio of 2.88 and a quick ratio of 3.09.

Surface Transforms (LON:SCE) last posted its earnings results on Tuesday, September 23rd. The company reported GBX (0.39) earnings per share for the quarter. Surface Transforms had a negative return on equity of 88.05% and a negative net margin of 250.75%. On average, sell-side analysts forecast that Surface Transforms Plc will post 0.0144785 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Paul Marr acquired 300,000 shares of the firm’s stock in a transaction on Thursday, October 9th. The shares were purchased at an average cost of GBX 2 per share, with a total value of £6,000. Corporate insiders own 4.65% of the company’s stock.

Surface Transforms Company Profile

Surface Transforms Plc, together with its subsidiaries, researches, designs, develops, manufactures, and sells carbon ceramic products for the brakes market in the United Kingdom, Germany, Sweden, rest of Europe, the United States, and internationally. The company offers carbon-ceramic brake discs for automotive and aircraft applications.