Gelion (LON:GELN) Stock Price Down 8.5% – Here’s Why

Gelion plc (LON:GELN)’s stock price fell 8.5% during trading on Tuesday. The company traded as low as GBX 18.31 and last traded at GBX 18.75. Approximately 254,714 shares were traded during trading, a decline of 7% from the average session volume of 272,506 shares. The stock had previously closed at GBX 20.50.

Gelion Stock Down 8.5%

The stock has a market capitalization of £43.02 million, a price-to-earnings ratio of -5.86 and a beta of 0.47. The firm’s 50 day simple moving average is GBX 15.85 and its 200-day simple moving average is GBX 17.34. The company has a current ratio of 7.83, a quick ratio of 22.26 and a debt-to-equity ratio of 0.12.

Gelion (LON:GELN) last announced its quarterly earnings results on Wednesday, October 21st. The company reported GBX (3.10) EPS for the quarter. Gelion had a negative net margin of 13,169.39% and a negative return on equity of 40.88%. Equities analysts expect that Gelion plc will post 4.90 earnings per share for the current fiscal year.

About Gelion

Gelion is a global energy storage company advancing the transition to a clean, electrified future.

Gelion develops and commercialises next-generation battery technologies for electric mobility, e-aviation, and grid and stationary storage – built for high performance, safety, and cost effectiveness.

At the heart of its technology is Nano-Encapsulated Sulfur (NES™), a proprietary cathode active material. NES™ uses nanoconfinement to unlock the potential of lithium-sulfur and room-temperature sodium-sulfur batteries, targeting high energy density and strong power capability, while overcoming the limitations that have historically held sulfur-based batteries back.