Nanoco Group (LON:NANO) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Nanoco Group plc (LON:NANO)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 12.98 ($0.16) and traded as low as GBX 11.02 ($0.14). Nanoco Group shares last traded at GBX 11.55 ($0.14), with a volume of 1,621,609 shares changing hands.

Nanoco Group Stock Performance

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 business has a 50 day moving average price of GBX 13.52 and a two-hundred day moving average price of GBX 12.98. The stock has a market cap of £21.16 million, a P/E ratio of 288.75 and a beta of 0.67.

Nanoco Group (LON:NANO) last posted its quarterly earnings results on Wednesday, November 20th. The company reported GBX (0.10) ($0.00) earnings per share for the quarter. Nanoco Group had a return on equity of 137.99% and a net margin of 186.26%. On average, sell-side analysts forecast that Nanoco Group plc will post 0.3318825 earnings per share for the current fiscal year.

Insider Activity at Nanoco Group

In other news, insider Dmitry Shashkov acquired 405,212 shares of Nanoco Group stock in a transaction on Wednesday, November 27th. The shares were acquired at an average price of GBX 1,400 ($17.36) per share, with a total value of £5,672,968 ($7,034,058.28). 50.28% of the stock is currently owned by corporate insiders.

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.