Nanoco Group (LON:NANO) Trading Down 11.6% – Should You Sell?

Nanoco Group plc (LON:NANO) shares traded down 11.6% during mid-day trading on Friday . The stock traded as low as GBX 12.70 ($0.16) and last traded at GBX 12.70 ($0.16). 1,234,281 shares were traded during trading, a decline of 24% from the average session volume of 1,617,802 shares. The stock had previously closed at GBX 14.36 ($0.18).

Nanoco Group Stock Down 8.6 %

The company has a quick ratio of 3.57, a current ratio of 4.82 and a debt-to-equity ratio of 36.93. The firm has a market cap of £24.04 million, a PE ratio of 328.00 and a beta of 0.67. The firm’s 50 day moving average is GBX 12.58 and its 200-day moving average is GBX 13.92.

Insiders Place Their Bets

In related news, insider Dmitry Shashkov purchased 405,212 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of GBX 1,400 ($17.67) per share, with a total value of £5,672,968 ($7,160,126.21). 50.28% of the stock is currently owned by insiders.

Nanoco Group Company Profile

Nanoco Group plc, together with its subsidiaries, engages in the research, development, manufacture, and licensing of novel nanomaterials for use in various commercial applications. The company offers CFQD quantum dots consisting of fluorescent semiconductor nanoparticles for OLED and µLED colour conversion, QD-EL, and security tagging applications; and HEATWAVE quantum dots for use in biometric facial recognition, optical diagnostics, LiDAR, and night vision applications in the sensor industry.