Haydale Graphene Industries (LON:HAYD) Stock Price Up 6.6% – Time to Buy?

Haydale Graphene Industries plc (LON:HAYD) shares rose 6.6% on Tuesday . The company traded as high as GBX 0.35 and last traded at GBX 0.34. Approximately 50,926,699 shares traded hands during trading, an increase of 493% from the average session volume of 8,581,622 shares. The stock had previously closed at GBX 0.32.

Haydale Graphene Industries Trading Up 6.6%

The company has a debt-to-equity ratio of 8.65, a current ratio of 1.88 and a quick ratio of 1.10. The firm has a market capitalization of £26.36 million, a PE ratio of -1.03 and a beta of 2.29. The firm’s fifty day moving average is GBX 0.28 and its two-hundred day moving average is GBX 0.31.

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

About Haydale Graphene Industries

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.