Nanoco Group (LON:NANO) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Nanoco Group plc (LON:NANO) shares 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.

Nanoco Group Stock Performance

The stock has a 50 day moving average of GBX 4.10 and a 200 day moving average of GBX 5.47. 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 capitalization of £4.56 million, a price-to-earnings ratio of 5.00 and a beta of 0.67.

Nanoco Group (LON:NANO) last announced its earnings results on Monday, April 20th. The company reported GBX 1.15 EPS for the quarter. The business had revenue of GBX 770 million for the quarter. Nanoco Group had a negative return on equity of 5.96% and a net margin of 9.21%. As a group, 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.