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

Surface Transforms Plc (LON:SCE)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1.87 and traded as low as GBX 1.40. Surface Transforms shares last traded at GBX 1.60, with a volume of 4,937,243 shares trading hands.

Surface Transforms Trading Up 4.9%

The company has a debt-to-equity ratio of 16.90, a quick ratio of 3.09 and a current ratio of 2.88. The stock has a market cap of £20.82 million, a price-to-earnings ratio of -1.13 and a beta of 0.35. The company has a 50 day moving average of GBX 1.71 and a 200-day moving average of GBX 1.87.

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.