Haydale Graphene Industries (LON:HAYD) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Haydale Graphene Industries plc (LON:HAYD) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 0.32 and traded as low as GBX 0.28. Haydale Graphene Industries shares last traded at GBX 0.29, with a volume of 23,300,227 shares traded.

Haydale Graphene Industries Trading Up 3.6%

The company has a market cap of £22.55 million, a price-to-earnings ratio of -0.88 and a beta of 2.28. The firm has a 50 day moving average price of GBX 0.32 and a two-hundred day moving average price of GBX 0.37. The company has a quick ratio of 1.10, a current ratio of 1.88 and a debt-to-equity ratio of 8.65.

Haydale Graphene Industries (LON:HAYD) last released its earnings results on Wednesday, June 24th. The company reported GBX (0.04) earnings per share for the quarter. Haydale Graphene Industries had a negative net margin of 432.48% and a negative return on equity of 85.45%. The firm had revenue of GBX 225 million for the quarter. As a group, equities analysts forecast that Haydale Graphene Industries plc will post -0.2 earnings per share for the current year.

Haydale Graphene Industries Company Profile

Haydale is a global technologies group and service provider that facilitates the integration of graphene and other nanomaterials into the next generation of industrial materials and commercial technologies. With expertise in graphene, other nanomaterials and Silicon Carbide, Haydale is able to deliver improvements in electrical, thermal and mechanical properties. Haydale has been granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from five sites in the UK, USA and the Far East.