Nanoco Group (LON:NANO) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Nanoco Group plc (LON:NANO)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 13.69 ($0.17) and traded as high as GBX 14.58 ($0.18). Nanoco Group shares last traded at GBX 14.20 ($0.18), with a volume of 90,113 shares trading hands.

Nanoco Group Trading Up 2.0 %

The company’s fifty day moving average price is GBX 12.82 and its two-hundred day moving average price is GBX 13.67. The company has a quick ratio of 3.57, a current ratio of 4.82 and a debt-to-equity ratio of 36.93. The company has a market cap of £26.71 million, a price-to-earnings ratio of 364.48 and a beta of 0.67.

Insider Activity at Nanoco Group

In related news, insider Dmitry Shashkov acquired 405,212 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of GBX 1,400 ($17.54) per share, for a total transaction of £5,672,968 ($7,108,982.46). 50.28% of the stock is currently owned by company insiders.

Nanoco Group Company Profile

Nanoco Group plc, together with its subsidiaries, engages in the research, development, manufacture, and licensing of novel nanomaterials for use in various commercial applications. The company offers CFQD quantum dots consisting of fluorescent semiconductor nanoparticles for OLED and µLED colour conversion, QD-EL, and security tagging applications; and HEATWAVE quantum dots for use in biometric facial recognition, optical diagnostics, LiDAR, and night vision applications in the sensor industry.