Symphony Environmental Technologies (LON:SYM) Shares Pass Below 200 Day Moving Average – Time to Sell?

Shares of Symphony Environmental Technologies plc (LON:SYM) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 7.78 and traded as low as GBX 7.50. Symphony Environmental Technologies shares last traded at GBX 7.80, with a volume of 17,680 shares trading hands.

Symphony Environmental Technologies Trading Down 5.5%

The company has a current ratio of 0.75, a quick ratio of 1.01 and a debt-to-equity ratio of -442.68. The business has a 50 day moving average price of GBX 8.06 and a 200-day moving average price of GBX 7.78. The company has a market cap of £18.44 million, a P/E ratio of -7.22 and a beta of 0.81.

Symphony Environmental Technologies (LON:SYM) last issued its earnings results on Wednesday, June 24th. The company reported GBX (1.08) earnings per share (EPS) for the quarter. Symphony Environmental Technologies had a negative net margin of 43.53% and a negative return on equity of 1,282.78%. The firm had revenue of GBX 573 million during the quarter. Analysts forecast that Symphony Environmental Technologies plc will post 0.6380089 earnings per share for the current fiscal year.

Symphony Environmental Technologies Company Profile

Symphony Environmental is a world leader in the development of plastic additives and masterbatches to enhance plastic products.

Our leading brands are d2w biodegradable plastic technology, developed to make ordinary plastic self-destruct and become biodegradable in the same way as nature’s wastes, if it should escape collection and end up as litter. Much faster than ordinary plastic so that it does not cause long term harm in the environment.

Our protective technologies provide cost-effective protection to products and surfaces in applications as diverse as food packaging and processing to flame retardants, insecticides and pest control.