Nanoco Group (LON:NANO) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Nanoco Group plc (LON:NANO – Get Free Report) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 3.72 and traded as low as GBX 2.50. Nanoco Group shares last traded at GBX 2.52, with a volume of 221,430 shares trading hands.

Nanoco Group Stock Up 9.8%

The firm has a market cap of £5.33 million, a price-to-earnings ratio of 5.84 and a beta of 0.67. The company has a debt-to-equity ratio of -4.43, a quick ratio of 3.57 and a current ratio of 1.83. The firm has a fifty day simple moving average of GBX 2.57 and a 200-day simple moving average of GBX 3.70.

About Nanoco Group

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Nanoco is a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials emanating from our technology platform and validated IP. Our materials have potential application in a huge range of electronic devices including infra-red sensors and displays.

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