Nanoco Group (LON:NANO) Trading Up 10% – Here’s Why

Nanoco Group plc (LON:NANO)’s share price rose 10% during trading on Tuesday . The stock traded as high as GBX 8.48 ($0.11) and last traded at GBX 7.80 ($0.10). Approximately 4,687,822 shares traded hands during mid-day trading, an increase of 760% from the average daily volume of 545,100 shares. The stock had previously closed at GBX 7.09 ($0.09).

Nanoco Group Stock Up 10.0 %

The business has a fifty day moving average price of GBX 8.15 and a two-hundred day moving average price of GBX 11.14. The firm has a market cap of £14.74 million, a PE ratio of -17.45 and a beta of 0.67. The company has a debt-to-equity ratio of -11.22, a current ratio of 2.71 and a quick ratio of 3.57.

Nanoco Group (LON:NANO) last posted its quarterly earnings results on Tuesday, April 15th. The company reported GBX (0.53) (($0.01)) earnings per share (EPS) for the quarter. Nanoco Group had a positive return on equity of 419.06% and a negative net margin of 15.91%. On average, analysts anticipate that Nanoco Group plc will post 0.3318825 EPS for the current fiscal year.

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.