Quadrise (LON:QED) Stock Price Down 21.8% – Here’s Why

Quadrise Plc (LON:QED) dropped 21.8% during trading on Tuesday. The stock traded as low as GBX 1.60 and last traded at GBX 1.72. 15,234,302 shares were traded during trading, an increase of 248% from the average session volume of 4,383,563 shares. The stock had previously closed at GBX 2.20.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Quadrise in a research report on Thursday, July 30th.

Quadrise Stock Down 21.8%

The company has a market capitalization of £37.26 million, a P/E ratio of -8.19 and a beta of 0.72. The firm’s 50-day moving average price is GBX 1.15 and its 200 day moving average price is GBX 1.73.

Quadrise (LON:QED) last announced its quarterly earnings results on Monday, October 26th. The company reported GBX (0.21) earnings per share for the quarter. Quadrise had a negative net margin of 4,695.51% and a negative return on equity of 61.19%.

Quadrise Company Profile

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).