Symphony Environmental Technologies (LON:SYM) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Symphony Environmental Technologies plc (LON:SYM)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 7.89 and traded as low as GBX 6. Symphony Environmental Technologies shares last traded at GBX 8, with a volume of 22,601 shares changing hands.

Symphony Environmental Technologies Trading Up 14.3%

The stock has a market cap of £18.91 million, a PE ratio of -13.79 and a beta of 0.58. The stock has a 50-day moving average price of GBX 7.08 and a two-hundred day moving average price of GBX 7.89. The company has a debt-to-equity ratio of 232.89, a current ratio of 1.07 and a quick ratio of 1.01.

Insider Buying and Selling

In related news, insider Michael Laurier sold 325,525 shares of Symphony Environmental Technologies stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of GBX 6, for a total value of £19,531.50. Corporate insiders own 18.77% of the company’s stock.

Symphony Environmental Technologies Company Profile

Symphony Environmental is a world leader in the development of plastic additives and masterbatches to enhance plastic products.

Our leading brands are d2w biodegradable plastic technology, developed to make ordinary plastic self-destruct and become biodegradable in the same way as nature’s wastes, if it should escape collection and end up as litter. Much faster than ordinary plastic so that it does not cause long term harm in the environment.

Our protective technologies provide cost-effective protection to products and surfaces in applications as diverse as food packaging and processing to flame retardants, insecticides and pest control.