Nanoco Group (LON:NANO) Stock Price Up 17.2% – Should You Buy?

Nanoco Group plc (LON:NANO)’s stock price rose 17.2% during mid-day trading on Thursday . The company traded as high as GBX 4.39 and last traded at GBX 3.40. Approximately 18,646,357 shares were traded during mid-day trading, an increase of 911% from the average session volume of 1,843,465 shares. The stock had previously closed at GBX 2.90.

Nanoco Group Trading Up 17.2%

The company has a current ratio of 1.83, a quick ratio of 3.57 and a debt-to-equity ratio of -4.43. The company has a 50-day simple moving average of GBX 4.82 and a 200 day simple moving average of GBX 6.10. The firm has a market cap of £6.20 million, a PE ratio of 6.80 and a beta of 0.67.

Nanoco Group (LON:NANO) last issued its quarterly earnings data on Monday, April 20th. The company reported GBX 1.15 EPS for the quarter. The business had revenue of GBX 770 million for the quarter. Nanoco Group had a net margin of 9.21% and a negative return on equity of 5.96%. As a group, sell-side analysts forecast that Nanoco Group plc will post 0.3318825 earnings per share 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.