Nanoco Group (LON:NANO) Stock Price Down 7.5% – What’s Next?

Nanoco Group plc (LON:NANO) was down 7.5% on Monday . The stock traded as low as GBX 6.80 ($0.09) and last traded at GBX 6.95 ($0.09). Approximately 1,137,388 shares traded hands during mid-day trading, an increase of 194% from the average daily volume of 386,504 shares. The stock had previously closed at GBX 7.52 ($0.10).

Nanoco Group Price Performance

The company has a debt-to-equity ratio of -11.22, a quick ratio of 3.57 and a current ratio of 2.71. The business has a 50 day simple moving average of GBX 10.56 and a 200-day simple moving average of GBX 11.78. The firm has a market cap of £13.34 million, a price-to-earnings ratio of -15.80 and a beta of 0.67.

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.