Quadrise (LON:QED) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Quadrise Plc (LON:QED)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3.75 ($0.05) and traded as high as GBX 4.51 ($0.06). Quadrise shares last traded at GBX 4.26 ($0.06), with a volume of 2,598,307 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of Quadrise in a research note on Tuesday, April 1st.

Quadrise Stock Down 1.2 %

The firm has a 50 day moving average price of GBX 4 and a 200 day moving average price of GBX 3.75. The stock has a market cap of £83.39 million, a P/E ratio of -23.55 and a beta of 1.83.

About Quadrise

Quadrise is a global innovator and licensor of the disruptive heavy oil and synthetic biofuel technology that produces its proprietary MSAR® and bioMSAR™ fuels. Quadrise employs a team of energy and fuel experts with extensive experience in commercial emulsion fuels, downstream, marine and power utility applications at a global level.

Quadrise’s shares have been listed on the London Stock Exchange’s AIM market since 2006 (AIM: QED).