EQTEC (LON:EQT) Stock Price Down 22% – Should You Sell?

EQTEC plc (LON:EQT) was down 22% on Monday . The stock traded as low as GBX 0.50 ($0.01) and last traded at GBX 0.52 ($0.01). Approximately 265,103 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 2,050,049 shares. The stock had previously closed at GBX 0.66 ($0.01).

EQTEC Stock Performance

The business has a 50 day moving average of GBX 0.53 and a 200-day moving average of GBX 0.62. The company has a market capitalization of £1.33 million, a P/E ratio of -3.03 and a beta of 2.07. The company has a debt-to-equity ratio of 37.66, a quick ratio of 0.84 and a current ratio of 2.75.

EQTEC Company Profile

EQTEC is a world-leading technology innovation company enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production.

We provide solutions for two of the world’s greatest challenges: managing rising levels of waste and meeting the growing demand for clean energy.

EQTEC designs and supplies advanced gasification solutions and has a higher efficiency product offering that it is modular and scalable from 1MW to 30MW.