Nanoco Group (LON:NANO) Trading 4% Higher – Here’s Why

Nanoco Group plc (LON:NANOGet Free Report) traded up 4% during trading on Monday . The company traded as high as GBX 2.60 and last traded at GBX 2.60. 350,057 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,557,347 shares. The stock had previously closed at GBX 2.50.

Nanoco Group Stock Performance

The company has a debt-to-equity ratio of -4.43, a current ratio of 1.83 and a quick ratio of 3.57. The company has a market cap of £4.56 million, a price-to-earnings ratio of 5.00 and a beta of 0.67. The business’s 50-day simple moving average is GBX 2.67 and its 200-day simple moving average is GBX 4.30.

About Nanoco Group

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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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