Nanoco Group (LON:NANO) Shares Up 13.4% – Here’s Why

Nanoco Group plc (LON:NANOGet Free Report)’s share price shot up 13.4% during trading on Friday . The stock traded as high as GBX 3.49 and last traded at GBX 3.22. 371,808 shares were traded during trading, a decline of 63% from the average session volume of 1,004,910 shares. The stock had previously closed at GBX 2.84.

Nanoco Group Trading Up 7.0%

The company’s fifty day moving average price is GBX 5.53 and its two-hundred day moving average price is GBX 6.78. The company has a current ratio of 1.83, a quick ratio of 3.57 and a debt-to-equity ratio of -4.43. The firm has a market cap of £5.54 million, a P/E ratio of 6.08 and a beta of 0.67.

Nanoco Group (LON:NANOGet Free Report) last posted its earnings results on Monday, April 20th. The company reported GBX 1.15 earnings per share for the quarter. Nanoco Group had a net margin of 9.21% and a negative return on equity of 5.96%. The business had revenue of GBX 770 million for the quarter. As a group, sell-side analysts predict that Nanoco Group plc will post 0.3318825 EPS for the current fiscal year.

About Nanoco Group

(Get Free Report)

Nanoco is a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials emanating from our technology platform and validated IP. Our materials have potential application in a huge range of electronic devices including infra-red sensors and displays.

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