Nanoco Group (LON:NANO) Trading 3.9% Higher – Here’s Why

Nanoco Group plc (LON:NANOGet Free Report)’s share price was up 3.9% during mid-day trading on Monday . The company traded as high as GBX 13 ($0.16) and last traded at GBX 12.66 ($0.16). Approximately 652,382 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 1,634,923 shares. The stock had previously closed at GBX 12.18 ($0.15).

Nanoco Group Price Performance

The business’s 50-day moving average price is GBX 11.97 and its 200 day moving average price is GBX 14.23. The company has a market capitalization of £26.01 million, a P/E ratio of 352.30 and a beta of 0.67. The company has a quick ratio of 3.57, a current ratio of 4.82 and a debt-to-equity ratio of 36.93.

About Nanoco Group

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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.

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