Quadrise (LON:QED) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of Quadrise Plc (LON:QEDGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1.97 and traded as low as GBX 1. Quadrise shares last traded at GBX 1, with a volume of 1,332,773 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Quadrise in a research report on Thursday, July 30th.

Check Out Our Latest Research Report on QED

Quadrise Price Performance

The company’s 50 day moving average price is GBX 1.31 and its two-hundred day moving average price is GBX 1.96. The stock has a market capitalization of £20.80 million, a PE ratio of -5.65 and a beta of 0.79.

Quadrise Company Profile

(Get Free Report)

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).

Further Reading

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