Nanoco Group (LON:NANO) Stock Crosses Below 200 Day Moving Average – Here’s Why

Nanoco Group plc (LON:NANO)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 8.17 and traded as low as GBX 5.12. Nanoco Group shares last traded at GBX 5.27, with a volume of 259,880 shares trading hands.

Nanoco Group Stock Performance

The company has a quick ratio of 3.57, a current ratio of 1.86 and a debt-to-equity ratio of -6.65. The business has a 50 day moving average price of GBX 6.01 and a 200 day moving average price of GBX 8.17. The stock has a market cap of £9.61 million, a P/E ratio of -4.66 and a beta of 0.67.

Nanoco Group Company Profile

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.