Surface Transforms (LON:SCE) Shares Up 9.1% – Should You Buy?

Surface Transforms Plc (LON:SCE)’s share price rose 9.1% during mid-day trading on Wednesday . The company traded as high as GBX 0.12 and last traded at GBX 0.12. Approximately 3,505,128 shares were traded during trading, a decline of 84% from the average daily volume of 21,826,799 shares. The stock had previously closed at GBX 0.11.

Surface Transforms Stock Performance

The firm has a 50 day moving average price of GBX 1.55 and a 200-day moving average price of GBX 1.87. The stock has a market capitalization of £1.56 million, a PE ratio of -0.08 and a beta of 0.71. The company has a quick ratio of 3.09, a current ratio of 0.63 and a debt-to-equity ratio of 204.30.

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.