Nanoco Group (LON:NANO) Shares Cross Below 200 Day Moving Average – What’s Next?

Nanoco Group plc (LON:NANO) passed 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 traded.

Nanoco Group Stock Down 0.0 %

The firm has a 50-day moving average price of GBX 13.49 and a two-hundred day moving average price of GBX 13.09. The company has a market capitalization of £22.71 million, a P/E ratio of 309.88 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.

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 (EPS) for the quarter. Nanoco Group had a return on equity of 137.99% and a net margin of 186.26%. Equities research analysts anticipate that Nanoco Group plc will post 0.3318825 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Dmitry Shashkov acquired 405,212 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of GBX 1,400 ($17.29) per share, with a total value of £5,672,968 ($7,007,124.51). Corporate insiders own 50.28% of the company’s stock.

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.