Quadrise (LON:QED) Trading 10.2% Higher – Should You Buy?

Quadrise Plc (LON:QED)’s share price traded up 10.2% during mid-day trading on Wednesday . The company traded as high as GBX 3.40 and last traded at GBX 3.14. 4,461,610 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 4,756,140 shares. The stock had previously closed at GBX 2.85.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “house stock” rating on shares of Quadrise in a research report on Monday, January 12th.

Quadrise Trading Up 10.2%

The stock has a market capitalization of £62.99 million, a P/E ratio of -18.47 and a beta of 1.09. The company’s 50-day moving average is GBX 2.14 and its two-hundred day moving average is GBX 2.66.

Quadrise Company Profile

Quadrise is a global innovator and licensor of the disruptive heavy oil and synthetic biofuel technology that produces its proprietary MSAR® and bioMSAR™ fuels. Quadrise employs a team of energy and fuel experts with extensive experience in commercial emulsion fuels, downstream, marine and power utility applications at a global level.

Quadrise’s shares have been listed on the London Stock Exchange’s AIM market since 2006 (AIM: QED).