Nanoco Group (LON:NANO) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Shares of Nanoco Group plc (LON:NANOGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 13.29 ($0.16) and traded as low as GBX 12.40 ($0.15). Nanoco Group shares last traded at GBX 12.66 ($0.15), with a volume of 338,831 shares traded.

Nanoco Group Stock Performance

The company has a current ratio of 4.82, a quick ratio of 3.57 and a debt-to-equity ratio of 36.93. The stock has a market capitalization of £23.12 million, a price-to-earnings ratio of 315.50 and a beta of 0.67. The firm’s fifty day moving average price is GBX 13.28 and its 200 day moving average price is GBX 13.29.

Insiders Place Their Bets

In related news, insider Dmitry Shashkov purchased 405,212 shares of Nanoco Group stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of GBX 1,400 ($17.14) per share, with a total value of £5,672,968 ($6,943,657.28). Insiders own 50.28% of the company’s stock.

Nanoco Group Company Profile

(Get Free Report)

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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