Surface Transforms (LON:SCE) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Surface Transforms Plc (LON:SCE)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1.71 and traded as low as GBX 1.52. Surface Transforms shares last traded at GBX 1.65, with a volume of 3,810,881 shares changing hands.

Surface Transforms Price Performance

The company has a debt-to-equity ratio of 16.90, a current ratio of 2.88 and a quick ratio of 3.09. The stock has a market capitalization of £21.48 million, a price-to-earnings ratio of -1.16 and a beta of 0.35. The stock has a 50 day moving average price of GBX 1.94 and a 200-day moving average price of GBX 1.71.

Surface Transforms (LON:SCE) last posted its quarterly earnings data on Tuesday, September 23rd. The company reported GBX (0.39) EPS for the quarter. Surface Transforms had a negative net margin of 250.75% and a negative return on equity of 88.05%. On average, analysts forecast that Surface Transforms Plc will post 0.0144785 earnings per share for the current year.

Insider Activity at Surface Transforms

In other Surface Transforms news, insider Paul Marr purchased 300,000 shares of the firm’s stock in a transaction dated Thursday, October 9th. The shares were purchased at an average cost of GBX 2 per share, with a total value of £6,000. 4.65% of the stock is owned by company insiders.

About Surface Transforms

Surface Transforms Plc, together with its subsidiaries, researches, designs, develops, manufactures, and sells carbon ceramic products for the brakes market in the United Kingdom, Germany, Sweden, rest of Europe, the United States, and internationally. The company offers carbon-ceramic brake discs for automotive and aircraft applications. It also provides carbon-ceramic materials for various applications, such as motorsports, military, and other special vehicles. The company was founded in 1992 and is based in Liverpool, the United Kingdom.