Nanoco Group (LON:NANO) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Nanoco Group plc (LON:NANO) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 13.09 ($0.16) and traded as low as GBX 12.40 ($0.15). Nanoco Group shares last traded at GBX 12.40 ($0.15), with a volume of 73,802 shares trading hands.

Nanoco Group Stock Performance

The company has a market cap of £21.62 million, a price-to-earnings ratio of 295.00 and a beta of 0.67. The company has a current ratio of 4.82, a quick ratio of 3.57 and a debt-to-equity ratio of 36.93. The stock’s 50 day moving average price is GBX 13.50 and its 200 day moving average price is GBX 13.08.

Nanoco Group (LON:NANO) last issued its quarterly earnings results on Wednesday, November 20th. The company reported GBX (0.10) ($0.00) EPS for the quarter. Nanoco Group had a return on equity of 137.99% and a net margin of 186.26%. On average, analysts expect that Nanoco Group plc will post 0.3318825 EPS for the current fiscal year.

Insider Transactions at Nanoco Group

In related news, insider Dmitry Shashkov bought 405,212 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of GBX 1,400 ($17.48) per share, for a total transaction of £5,672,968 ($7,083,241.35). Company insiders own 50.28% of the company’s stock.

Nanoco Group Company Profile

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.