Microsaic Systems (LON:MSYS) Shares Up 11.7% – Time to Buy?

Shares of Microsaic Systems plc (LON:MSYS) shot up 11.7% during mid-day trading on Monday . The company traded as high as GBX 0.89 ($0.01) and last traded at GBX 0.85 ($0.01). 4,976,449 shares traded hands during mid-day trading, an increase of 548% from the average session volume of 768,206 shares. The stock had previously closed at GBX 0.76 ($0.01).

Microsaic Systems Trading Up 2.4 %

The stock has a fifty day simple moving average of GBX 0.79 and a 200 day simple moving average of GBX 0.99. The firm has a market capitalization of £1.56 million, a P/E ratio of -3.35 and a beta of 0.32. The company has a quick ratio of 8.97, a current ratio of 7.01 and a debt-to-equity ratio of 2.35.

Microsaic Systems (LON:MSYS) last issued its earnings results on Tuesday, November 12th. The company reported GBX (0.01) ($0.00) earnings per share (EPS) for the quarter. Microsaic Systems had a negative net margin of 273.87% and a negative return on equity of 91.26%.

About Microsaic Systems

Microsaic Systems plc engages in the research, development, and commercialization of miniaturised mass spectrometry (MS) instruments in the United Kingdom, Japan, the United States, Europe, China, South Korea, and internationally. It develops and markets in-field screening solution for real-time monitoring used in various markets, such as water, pharmaceuticals, chemicals, academia, and food and beverage.