Nanoco Group (LON:NANO) Trading 10.6% Higher – Here’s What Happened

Shares of Nanoco Group plc (LON:NANO) traded up 10.6% during trading on Tuesday . The stock traded as high as GBX 10 ($0.13) and last traded at GBX 9.40 ($0.13). 2,345,397 shares traded hands during mid-day trading, an increase of 288% from the average session volume of 604,667 shares. The stock had previously closed at GBX 8.50 ($0.11).

Nanoco Group Price Performance

The company has a quick ratio of 3.57, a current ratio of 2.71 and a debt-to-equity ratio of -11.22. The business has a 50-day simple moving average of GBX 7.78 and a two-hundred day simple moving average of GBX 10.84. The stock has a market capitalization of £17.76 million, a P/E ratio of -21.03 and a beta of 0.67.

Nanoco Group (LON:NANO) last posted its earnings results on Tuesday, April 15th. The company reported GBX (0.53) (($0.01)) earnings per share for the quarter. Nanoco Group had a positive return on equity of 419.06% and a negative net margin of 15.91%. Equities research analysts forecast that Nanoco Group plc will post 0.3318825 earnings per share for the current fiscal year.

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.