Quadrise (LON:QED) Shares Pass Above 200 Day Moving Average – Should You Sell?

Quadrise Plc (LON:QEDGet Free Report)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 4.04 ($0.05) and traded as high as GBX 5 ($0.07). Quadrise shares last traded at GBX 4.81 ($0.06), with a volume of 2,170,593 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Quadrise in a research note on Thursday, May 1st.

Get Our Latest Stock Report on QED

Quadrise Trading Up 4.0 %

The company has a market cap of £97.88 million, a price-to-earnings ratio of -27.64 and a beta of 1.83. The stock’s 50-day moving average is GBX 4.16 and its 200-day moving average is GBX 4.04.

About Quadrise

(Get Free Report)

Quadrise is a global innovator and licensor of the disruptive heavy oil and synthetic biofuel technology that produces its proprietary MSAR® and bioMSAR™ fuels. Quadrise employs a team of energy and fuel experts with extensive experience in commercial emulsion fuels, downstream, marine and power utility applications at a global level.

Quadrise’s shares have been listed on the London Stock Exchange’s AIM market since 2006 (AIM: QED).

Further Reading

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