Surface Transforms (LON:SCE) Shares Pass Above 200-Day Moving Average – Should You Sell?

Shares of Surface Transforms Plc (LON:SCE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.75 ($0.01) and traded as high as GBX 1.60 ($0.02). Surface Transforms shares last traded at GBX 1.57 ($0.02), with a volume of 9,346,347 shares traded.

Surface Transforms Stock Up 0.3%

The company has a quick ratio of 3.09, a current ratio of 2.88 and a debt-to-equity ratio of 16.90. The company has a market cap of £19.68 million, a PE ratio of 0.00 and a beta of 0.35. The stock has a 50-day moving average of GBX 1.20 and a 200-day moving average of GBX 0.75.

Surface Transforms (LON:SCE) last issued its quarterly earnings data on Tuesday, June 10th. The company reported GBX (2.31) earnings per share (EPS) for the quarter. Surface Transforms had a negative return on equity of 88.05% and a negative net margin of 250.75%. Sell-side analysts predict that Surface Transforms Plc will post 0.0144785 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ian Cleminson purchased 2,688,172 shares of the stock in a transaction on Thursday, June 12th. The shares were acquired at an average price of GBX 1 per share, for a total transaction of £26,881.72. Also, insider Steven Harrison purchased 512,676 shares of the stock in a transaction on Wednesday, June 11th. The shares were purchased at an average price of GBX 1 per share, for a total transaction of £5,126.76. Company insiders own 19.56% of the company’s stock.

Surface Transforms Company Profile

Surface Transforms Plc, together with its subsidiaries, researches, designs, develops, manufactures, and sells carbon ceramic products for the brakes market in the United Kingdom, Germany, Sweden, rest of Europe, the United States, and internationally. The company offers carbon-ceramic brake discs for automotive and aircraft applications.