Quadrise (LON:QED) Stock Price Up 2.8% – Time to Buy?

Quadrise Plc (LON:QED) rose 2.8% during mid-day trading on Thursday . The stock traded as high as GBX 1.85 and last traded at GBX 1.81. Approximately 616,922 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 2,855,489 shares. The stock had previously closed at GBX 1.76.

Analyst Ratings Changes

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Quadrise in a research note on Monday, January 12th.

Quadrise Price Performance

The stock’s fifty day simple moving average is GBX 2.48 and its 200-day simple moving average is GBX 3. The firm has a market cap of £38.12 million, a PE ratio of -11.18 and a beta of 1.83.

Quadrise Company Profile

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).