Quadrise (LON:QED) Shares Cross Below 200-Day Moving Average – What’s Next?

Quadrise Plc (LON:QEDGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2.23 and traded as low as GBX 1.04. Quadrise shares last traded at GBX 1.08, with a volume of 2,997,899 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Quadrise in a research note on Wednesday, July 8th.

Read Our Latest Analysis on QED

Quadrise Stock Performance

The stock has a market cap of £21.77 million, a P/E ratio of -6.38 and a beta of 0.87. The stock has a 50-day moving average price of GBX 1.94 and a 200-day moving average price of GBX 2.23.

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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