Quadrise (LON:QED) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Quadrise Plc (LON:QEDGet Free Report)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2.39 and traded as low as GBX 1.60. Quadrise shares last traded at GBX 1.80, with a volume of 218,442 shares.

Analysts Set New Price Targets

Separately, Shore Capital Group reissued a “house stock” rating on shares of Quadrise in a report on Friday, June 12th.

View Our Latest Stock Report on Quadrise

Quadrise Stock Performance

The stock has a market capitalization of £36.11 million, a price-to-earnings ratio of -10.59 and a beta of 0.90. The stock has a 50-day simple moving average of GBX 2.43 and a 200 day simple moving average of GBX 2.39.

Quadrise Company Profile

(Get Free Report)

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).

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