Nanoco Group (LON:NANO) Shares Up 12.3% – Here’s Why

Nanoco Group plc (LON:NANO) shares were up 12.3% during mid-day trading on Saturday . The company traded as high as GBX 9.34 ($0.12) and last traded at GBX 8.50 ($0.11). Approximately 3,569,430 shares were traded during trading, an increase of 512% from the average daily volume of 582,908 shares. The stock had previously closed at GBX 7.57 ($0.10).

Nanoco Group Stock Performance

The firm’s 50 day simple moving average is GBX 7.78 and its 200 day simple moving average is GBX 10.86. The firm has a market capitalization of £16.06 million, a price-to-earnings ratio of -19.02 and a beta of 0.67. The company has a debt-to-equity ratio of -11.22, a quick ratio of 3.57 and a current ratio of 2.71.

Nanoco Group (LON:NANO) last posted its quarterly earnings results on Tuesday, April 15th. The company reported GBX (0.53) (($0.01)) EPS for the quarter. Nanoco Group had a negative net margin of 15.91% and a positive return on equity of 419.06%. Sell-side analysts forecast that Nanoco Group plc will post 0.3318825 earnings per share for the current fiscal year.

Nanoco Group Company Profile

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.