Nanoco Group (LON:NANO) Trading Down 8.6% – Here’s What Happened

Nanoco Group plc (LON:NANOGet Free Report)’s share price was down 8.6% during mid-day trading on Tuesday . The company traded as low as GBX 2.65 and last traded at GBX 2.65. Approximately 919,848 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 1,855,373 shares. The stock had previously closed at GBX 2.90.

Nanoco Group Price Performance

The company has a debt-to-equity ratio of -4.43, a quick ratio of 3.57 and a current ratio of 1.83. The company’s fifty day moving average price is GBX 4.49 and its 200 day moving average price is GBX 5.80. The firm has a market capitalization of £4.83 million, a price-to-earnings ratio of 5.30 and a beta of 0.67.

Nanoco Group (LON:NANOGet Free Report) last released its quarterly earnings data on Monday, April 20th. The company reported GBX 1.15 earnings per share for the quarter. Nanoco Group had a net margin of 9.21% and a negative return on equity of 5.96%. The firm had revenue of GBX 770 million for the quarter. Equities research analysts expect that Nanoco Group plc will post 0.3318825 earnings per share for the current year.

About Nanoco Group

(Get Free Report)

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.

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