CAP-XX (LON:CPX) Shares Down 7.5% – Here’s Why

CAP-XX Limited (LON:CPX)’s share price dropped 7.5% during trading on Wednesday . The company traded as low as GBX 0.21 and last traded at GBX 0.22. Approximately 48,477,063 shares traded hands during mid-day trading, an increase of 150% from the average daily volume of 19,416,502 shares. The stock had previously closed at GBX 0.24.

CAP-XX Stock Down 7.5%

The business’s fifty day moving average price is GBX 0.27 and its two-hundred day moving average price is GBX 0.24. The company has a debt-to-equity ratio of 30.15, a quick ratio of 2.01 and a current ratio of 3.62. The firm has a market capitalization of £12.87 million, a P/E ratio of -2.77 and a beta of 1.44.

CAP-XX Company Profile

CAP-XX Limited, together with its subsidiaries, develops, manufactures, and sells supercapacitors in the Asia Pacific, Europe, and North America. The company offers ultra-thin prismatic supercaps, small cylindrical supercaps, coin cell supercaps, lithium ion capacitors, large cylindrical cells, and large microgrid and truck start modules. It provides its products for the use in various applications, such as asset tracking, auto, locks, POS, PDAs, scanners, smart meters, wearable devices, wireless sensors, battery support, energy harvesting, power backup, and peak power support applications.