Nanoco Group (LON:NANO) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Nanoco Group plc (LON:NANO) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 13.09 ($0.16) and traded as low as GBX 12.40 ($0.15). Nanoco Group shares last traded at GBX 12.40 ($0.15), with a volume of 73,802 shares traded.

Nanoco Group Trading Down 0.0 %

The stock has a market capitalization of £22.71 million, a price-to-earnings ratio of 309.88 and a beta of 0.67. The company has a current ratio of 4.82, a quick ratio of 3.57 and a debt-to-equity ratio of 36.93. The business has a 50 day simple moving average of GBX 13.49 and a 200-day simple moving average of GBX 13.09.

Nanoco Group (LON:NANO) last issued its earnings results on Wednesday, November 20th. The company reported GBX (0.10) ($0.00) earnings per share for the quarter. Nanoco Group had a return on equity of 137.99% and a net margin of 186.26%. On average, equities analysts predict that Nanoco Group plc will post 0.3318825 earnings per share for the current year.

Insider Transactions at Nanoco Group

In other Nanoco Group news, insider Dmitry Shashkov purchased 405,212 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of GBX 1,400 ($17.29) per share, for a total transaction of £5,672,968 ($7,007,124.51). 50.28% of the stock is currently owned by company insiders.

Nanoco Group Company Profile

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.