Nanoco Group (LON:NANO) Trading 27.6% Higher – What’s Next?

Nanoco Group plc (LON:NANO)’s share price traded up 27.6% during trading on Friday . The company traded as high as GBX 12.45 ($0.17) and last traded at GBX 12.30 ($0.17). 2,960,217 shares changed hands during mid-day trading, an increase of 411% from the average session volume of 579,287 shares. The stock had previously closed at GBX 9.64 ($0.13).

Nanoco Group Stock Up 4.9%

The company has a current ratio of 2.71, a quick ratio of 3.57 and a debt-to-equity ratio of -11.22. The stock has a 50 day simple moving average of GBX 11.27 and a 200 day simple moving average of GBX 10.40. The firm has a market capitalization of £24.37 million, a PE ratio of -28.87 and a beta of 0.67.

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