Nanoco Group (LON:NANO) Stock Price Down 12.4% – Here’s What Happened

Nanoco Group plc (LON:NANO)’s share price traded down 12.4% during trading on Thursday . The stock traded as low as GBX 2 and last traded at GBX 2.20. 2,931,008 shares changed hands during trading, an increase of 127% from the average session volume of 1,289,740 shares. The stock had previously closed at GBX 2.51.

Nanoco Group Trading Down 12.4%

The company has a 50-day simple moving average of GBX 5.05 and a 200-day simple moving average of GBX 6.34. The company has a debt-to-equity ratio of -4.43, a quick ratio of 3.57 and a current ratio of 1.83. The stock has a market cap of £4.01 million, a P/E ratio of 4.40 and a beta of 0.67.

Nanoco Group (LON:NANO) last issued its quarterly earnings data on Monday, April 20th. The company reported GBX 1.15 earnings per share (EPS) for the quarter. Nanoco Group had a negative return on equity of 5.96% and a net margin of 9.21%.The firm had revenue of GBX 770 million during the quarter. On average, sell-side analysts forecast that Nanoco Group plc will post 0.3318825 EPS for the current fiscal year.

Nanoco Group Company Profile

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.