Versarien (LON:VRS) Stock Passes Below Two Hundred Day Moving Average of $22.71

Versarien plc (LON:VRSGet Rating) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 22.71 ($0.28) and traded as low as GBX 20.05 ($0.24). Versarien shares last traded at GBX 20.43 ($0.25), with a volume of 127,671 shares traded.

Separately, Berenberg Bank began coverage on shares of Versarien in a report on Thursday, March 24th. They set a “buy” rating and a GBX 35 ($0.42) target price for the company.

The stock has a market cap of £39.66 million and a price-to-earnings ratio of -7.86. The company has a quick ratio of 1.67, a current ratio of 2.23 and a debt-to-equity ratio of 38.54. The business’s 50 day simple moving average is GBX 17.91 and its 200 day simple moving average is GBX 22.71.

About Versarien (LON:VRS)

Versarien plc, an engineering materials company, provides engineering solutions for various industry sectors in the United Kingdom, rest of Europe, North America, and internationally. The company operates in two segments, Graphene and Plastic Products, and Hard Wear and Metallic Products. The Graphene and Plastic Products segment offers graphene products, such as Nanene, a few-layer graphene; Polygrene, a graphene enhanced polymer; Hexotene, a few-layer hexagonal boron nitride nano-platelet powder; and graphene-based nanomaterials for energy storage devices, as well as a range of electrically conductive graphene inks for various printing processes, substrates, and applications under the Graphinks name.

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