Versarien (LON:VRS) Stock Passes Below 200-Day Moving Average of $20.92

Shares of Versarien plc (LON:VRSGet Rating) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 20.92 ($0.25) and traded as low as GBX 18.56 ($0.22). Versarien shares last traded at GBX 18.63 ($0.22), with a volume of 161,140 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 35 ($0.42) target price on shares of Versarien in a research report on Wednesday, June 22nd.

Versarien Stock Down 4.0 %

The company has a debt-to-equity ratio of 38.54, a quick ratio of 1.67 and a current ratio of 2.23. The company has a market capitalization of ¬£36.17 million and a price-to-earnings ratio of -7.17. The business’s 50 day moving average is GBX 18.59 and its 200 day moving average is GBX 20.92.

About Versarien

(Get Rating)

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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