Quadrise (LON:QED) Stock Price Down 14% – Should You Sell?

Quadrise Plc (LON:QED) shares were down 14% during trading on Monday . The stock traded as low as GBX 2.02 and last traded at GBX 2.02. Approximately 7,800,917 shares changed hands during mid-day trading, an increase of 77% from the average daily volume of 4,405,030 shares. The stock had previously closed at GBX 2.35.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “house stock” rating on shares of Quadrise in a report on Monday, January 12th.

Quadrise Price Performance

The stock has a fifty day moving average price of GBX 2.05 and a 200-day moving average price of GBX 2.75. The company has a market cap of £44.14 million, a PE ratio of -12.94 and a beta of 1.09.

About Quadrise

Quadrise is a global innovator and licensor of the disruptive heavy oil and synthetic biofuel technology that produces its proprietary MSAR® and bioMSAR™ fuels. Quadrise employs a team of energy and fuel experts with extensive experience in commercial emulsion fuels, downstream, marine and power utility applications at a global level.

Quadrise’s shares have been listed on the London Stock Exchange’s AIM market since 2006 (AIM: QED).