Nanoco Group (LON:NANO) Trading Down 7.1% – Here’s Why

Nanoco Group plc (LON:NANOGet Free Report)’s share price traded down 7.1% during mid-day trading on Friday . The stock traded as low as GBX 2.50 and last traded at GBX 2.50. 226,576 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 1,564,846 shares. The stock had previously closed at GBX 2.69.

Nanoco Group Trading Down 7.1%

The firm’s 50 day moving average price is GBX 2.67 and its 200-day moving average price is GBX 4.36. The stock has a market cap of £4.56 million, a P/E ratio of 5.00 and a beta of 0.67. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.83 and a quick ratio of 3.57.

About Nanoco Group

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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.

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