Quadrise (LON:QED) Stock Price Down 11.1% – What’s Next?

Shares of Quadrise Plc (LON:QED) were down 11.1% during trading on Wednesday . The stock traded as low as GBX 2.50 and last traded at GBX 2.52. Approximately 1,010,983 shares were traded during trading, a decline of 30% from the average daily volume of 1,446,245 shares. The stock had previously closed at GBX 2.84.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of Quadrise in a report on Monday, January 12th.

Quadrise Stock Performance

The stock has a market cap of £55.97 million, a P/E ratio of -16.41 and a beta of 1.83. The business has a 50 day simple moving average of GBX 2.79 and a 200-day simple moving average of GBX 3.23.

About Quadrise

Quadrise is a global innovator and licensor of the disruptive heavy oil and synthetic biofuel technology that produces its proprietary MSAR® and bioMSAR™ fuels. Quadrise employs a team of energy and fuel experts with extensive experience in commercial emulsion fuels, downstream, marine and power utility applications at a global level.

Quadrise’s shares have been listed on the London Stock Exchange’s AIM market since 2006 (AIM: QED).