Nanoco Group (LON:NANO) Shares Pass Below 50 Day Moving Average – Here’s Why

Nanoco Group plc (LON:NANO)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 4.19 and traded as low as GBX 2.60. Nanoco Group shares last traded at GBX 2.64, with a volume of 42,113 shares trading hands.

Nanoco Group Stock Performance

The company’s 50-day moving average is GBX 4.19 and its two-hundred day moving average is GBX 5.55. The company has a quick ratio of 3.57, a current ratio of 1.83 and a debt-to-equity ratio of -4.43. The company has a market cap of £4.80 million, a P/E ratio of 5.26 and a beta of 0.67.

Nanoco Group (LON:NANO) last released 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 firm had revenue of GBX 770 million for the quarter. Equities analysts predict that Nanoco Group plc will post 0.3318825 EPS for the current year.

About Nanoco Group

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.