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

Nanoco Group plc (LON:NANO) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 13.09 ($0.16) and traded as low as GBX 12.40 ($0.15). Nanoco Group shares last traded at GBX 12.40 ($0.15), with a volume of 73,802 shares.

Nanoco Group Trading Down 6.3 %

The firm has a market cap of £21.62 million, a price-to-earnings ratio of 295.00 and a beta of 0.67. The business’s 50 day moving average price is GBX 13.50 and its 200-day moving average price is GBX 13.08. The company has a debt-to-equity ratio of 36.93, a quick ratio of 3.57 and a current ratio of 4.82.

Nanoco Group (LON:NANO) last issued its earnings results on Wednesday, November 20th. The company reported GBX (0.10) ($0.00) EPS for the quarter. Nanoco Group had a return on equity of 137.99% and a net margin of 186.26%. Equities analysts expect that Nanoco Group plc will post 0.3318825 EPS for the current year.

Insiders Place Their Bets

In related news, insider Dmitry Shashkov purchased 405,212 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of GBX 1,400 ($17.48) per share, for a total transaction of £5,672,968 ($7,083,241.35). 50.28% of the stock is owned by corporate insiders.

About Nanoco Group

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.