Nanoco Group (LON:NANO) Shares Down 11.9% – Here’s What Happened

Nanoco Group plc (LON:NANO)’s stock price traded down 11.9% on Tuesday . The stock traded as low as GBX 6.50 and last traded at GBX 6.50. 527,612 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 632,052 shares. The stock had previously closed at GBX 7.38.

Nanoco Group Stock Down 16.5%

The company has a debt-to-equity ratio of -4.43, a current ratio of 1.83 and a quick ratio of 3.57. The firm’s 50 day moving average is GBX 5.59 and its two-hundred day moving average is GBX 6.83. The firm has a market capitalization of £5.18 million, a P/E ratio of 5.68 and a beta of 0.67.

Nanoco Group (LON:NANO) last released its earnings results on Monday, April 20th. The company reported GBX 1.15 earnings per share for the quarter. Nanoco Group had a net margin of 9.21% and a negative return on equity of 5.96%. The business had revenue of GBX 770 million during the quarter. Research analysts predict that Nanoco Group plc will post 0.3318825 EPS for the current year.

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.