EQTEC (LON:EQT) Shares Down 8.2% – What’s Next?

EQTEC plc (LON:EQT) shares fell 8.2% during mid-day trading on Tuesday . The stock traded as low as GBX 0.51 ($0.01) and last traded at GBX 0.51 ($0.01). 688,880 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 2,278,484 shares. The stock had previously closed at GBX 0.55 ($0.01).

EQTEC Price Performance

The company has a debt-to-equity ratio of 37.66, a quick ratio of 0.84 and a current ratio of 2.75. The company has a 50-day moving average of GBX 0.52 and a 200-day moving average of GBX 0.66. The firm has a market capitalization of £1.30 million, a price-to-earnings ratio of -2.97 and a beta of 2.07.

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.