Gelion (LON:GELN) Trading Down 12.7% – What’s Next?

Gelion plc (LON:GELN)’s stock price dropped 12.7% during mid-day trading on Monday . The stock traded as low as GBX 13.68 and last traded at GBX 14. Approximately 127,933 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 131,748 shares. The stock had previously closed at GBX 16.04.

Gelion Price Performance

The firm has a market capitalization of £32.12 million, a P/E ratio of -3.41 and a beta of 0.04. The business has a 50 day moving average price of GBX 18.99 and a 200 day moving average price of GBX 20.40.

Gelion (LON:GELN) last announced its earnings results on Monday, March 2nd. The company reported GBX (1.70) earnings per share (EPS) for the quarter. Gelion had a negative return on equity of 42.23% and a negative net margin of 592.70%. As a group, equities analysts expect that Gelion plc will post 4.8979592 EPS for the current year.

Insiders Place Their Bets

In other news, insider Amit Gupta purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were purchased at an average cost of GBX 19 per share, for a total transaction of £9,500. 11.94% of the stock is currently owned by company insiders.

About Gelion

Gelion (“gel: ion”) is a global energy storage innovator, supporting the transition to a more sustainable economy by commercialising globally important next generation battery technologies: Sulfur based, Lithium-Sulfur (Li-S), Sodium-Sulfur (Na-S) and Zinc-based (Zn) hybrid cells to electrify mobile and stationary applications and battery recycling technology.

Gelion plc (the Group) is listed on the London Stock Exchange’s Alternative Investment Market and wholly owns UK based OXLiD Ltd and Battery Minerals Ltd and Australia based Gelion Technologies Pty Ltd.