Nanoco Group (LON:NANO) Shares Down 10.9% – Here’s What Happened

Nanoco Group plc (LON:NANO)’s stock price traded down 10.9% during mid-day trading on Monday . The stock traded as low as GBX 7.17 and last traded at GBX 7.17. 1,129,102 shares changed hands during trading, an increase of 145% from the average session volume of 461,526 shares. The stock had previously closed at GBX 8.04.

Nanoco Group Price Performance

The firm has a market capitalization of £13.70 million, a PE ratio of -6.65 and a beta of 0.67. The business has a 50-day moving average of GBX 8.42 and a 200 day moving average of GBX 10.39. The company has a current ratio of 2.71, a quick ratio of 3.57 and a debt-to-equity ratio of -11.22.

Nanoco Group (LON:NANO) last posted its quarterly earnings data on Tuesday, November 18th. The company reported GBX (1.13) earnings per share (EPS) for the quarter. Nanoco Group had a positive return on equity of 419.06% and a negative net margin of 15.91%. As a group, research analysts anticipate that Nanoco Group plc will post 0.3318825 EPS for the current fiscal 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.