Haydale Graphene Industries (LON:HAYD) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Haydale Graphene Industries plc (LON:HAYD)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 0.38 and traded as low as GBX 0.29. Haydale Graphene Industries shares last traded at GBX 0.30, with a volume of 7,444,066 shares trading hands.

Haydale Graphene Industries Stock Performance

The company has a debt-to-equity ratio of 8.65, a current ratio of 1.88 and a quick ratio of 1.10. The company has a fifty day moving average price of GBX 0.32 and a two-hundred day moving average price of GBX 0.38. The company has a market capitalization of £23.17 million, a P/E ratio of -0.90 and a beta of 2.23.

Haydale Graphene Industries (LON:HAYD) last released its quarterly earnings results on Wednesday, June 24th. The company reported GBX (0.04) earnings per share (EPS) for the quarter. The business had revenue of GBX 225 million for the quarter. Haydale Graphene Industries had a negative net margin of 432.48% and a negative return on equity of 85.45%. Equities analysts forecast that Haydale Graphene Industries plc will post -0.2 earnings per share for the current fiscal year.

About Haydale Graphene Industries

Haydale is a global technologies group and service provider that facilitates the integration of graphene and other nanomaterials into the next generation of industrial materials and commercial technologies. With expertise in graphene, other nanomaterials and Silicon Carbide, Haydale is able to deliver improvements in electrical, thermal and mechanical properties. Haydale has been granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from five sites in the UK, USA and the Far East.