Nanoco Group (LON:NANO) Shares Pass Below 200-Day Moving Average – Should You Sell?

Nanoco Group plc (LON:NANO)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 7.36 and traded as low as GBX 5. Nanoco Group shares last traded at GBX 5.04, with a volume of 235,865 shares traded.

Nanoco Group Stock Performance

The stock has a market cap of £9.20 million, a price-to-earnings ratio of -4.46 and a beta of 0.67. The stock’s 50 day moving average is GBX 5.36 and its two-hundred day moving average is GBX 7.36. The company has a current ratio of 1.83, a quick ratio of 3.57 and a debt-to-equity ratio of -4.43.

Nanoco Group (LON:NANO) last issued its quarterly earnings results on Monday, April 20th. The company reported GBX 1.15 earnings per share for the quarter. The firm had revenue of GBX 770 million during the quarter. Nanoco Group had a net margin of 9.21% and a negative return on equity of 5.96%. Analysts anticipate that Nanoco Group plc will post 0.3318825 earnings per share 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.