Quadrise (LON:QED) Trading Down 10% – Here’s What Happened

Quadrise Plc (LON:QED) was down 10% on Saturday . The company traded as low as GBX 2.34 and last traded at GBX 2.70. Approximately 17,299,371 shares traded hands during trading, an increase of 212% from the average daily volume of 5,546,803 shares. The stock had previously closed at GBX 3.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Quadrise in a research note on Friday.

Quadrise Stock Performance

The stock has a market capitalization of £54.17 million, a P/E ratio of -15.88 and a beta of 1.83. The stock has a 50-day moving average price of GBX 3.29 and a two-hundred day moving average price of GBX 3.63.

Quadrise (LON:QED) last announced its quarterly earnings results on Monday, September 29th. The company reported GBX (0.17) earnings per share (EPS) for the quarter.

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).