Nanoco Group (LON:NANO) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Nanoco Group plc (LON:NANO) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 10.63 and traded as low as GBX 7.98. Nanoco Group shares last traded at GBX 7.98, with a volume of 276,285 shares.

Nanoco Group Trading Down 1.7%

The stock’s fifty day simple moving average is GBX 8.74 and its 200-day simple moving average is GBX 10.63. The company has a debt-to-equity ratio of -11.22, a current ratio of 2.71 and a quick ratio of 3.57. The firm has a market cap of £14.56 million, a PE ratio of -7.06 and a beta of 0.67.

Nanoco Group (LON:NANO) last released its earnings results on Tuesday, November 18th. The company reported GBX (1.13) earnings per share for the quarter. Nanoco Group had a positive return on equity of 419.06% and a negative net margin of 15.91%. On average, sell-side analysts forecast that Nanoco Group plc will post 0.3318825 earnings per share for the current year.

About Nanoco Group

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.