Nanoco Group (LON:NANO) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Nanoco Group plc (LON:NANO) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 5.80 and traded as low as GBX 2.60. Nanoco Group shares last traded at GBX 2.90, with a volume of 213,807 shares trading hands.

Nanoco Group Trading Up 1.9%

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 stock has a market cap of £4.93 million, a P/E ratio of 5.40 and a beta of 0.67. The company has a 50-day simple moving average of GBX 4.44 and a 200-day simple moving average of GBX 5.75.

Nanoco Group (LON:NANO) last announced its earnings results on Monday, April 20th. The company reported GBX 1.15 EPS for the quarter. Nanoco Group had a negative return on equity of 5.96% and a net margin of 9.21%.The company had revenue of GBX 770 million for the quarter. On average, sell-side analysts forecast that Nanoco Group plc will post 0.3318825 EPS for the current fiscal year.

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.