Nanoco Group (LON:NANO) Stock Breaks Below 200 Day Moving Average – Here’s Why

Nanoco Group plc (LON:NANO – Get Free Report) passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of GBX 3.59 and traded as low as GBX 2.46. Nanoco Group shares last traded at GBX 2.46, with a volume of 49,751 shares changing hands.

Nanoco Group Price Performance

The company has a market cap of £4.49 million, a PE ratio of 4.92 and a beta of 0.67. The company has a debt-to-equity ratio of -4.43, a quick ratio of 3.57 and a current ratio of 1.83. The stock has a 50 day moving average of GBX 2.59 and a 200-day moving average of GBX 3.59.

About Nanoco Group

(Get Free Report)

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.

Further Reading

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