Haydale Graphene Industries (LON:HAYD) Trading 8.8% Higher – Here’s Why

Haydale Graphene Industries plc (LON:HAYD) rose 8.8% during trading on Tuesday . The stock traded as high as GBX 0.34 and last traded at GBX 0.31. Approximately 38,945,605 shares were traded during mid-day trading, an increase of 354% from the average daily volume of 8,584,057 shares. The stock had previously closed at GBX 0.28.

Haydale Graphene Industries Trading Down 2.2%

The business’s 50-day simple moving average is GBX 0.28 and its 200-day simple moving average is GBX 0.32. The company has a debt-to-equity ratio of 8.65, a quick ratio of 1.10 and a current ratio of 1.88. The company has a market capitalization of £24.72 million, a price-to-earnings ratio of -0.96 and a beta of 2.28.

Haydale Graphene Industries (LON:HAYD) last posted its quarterly earnings results on Wednesday, June 24th. The company reported GBX (0.04) earnings per share for the quarter. The company had revenue of GBX 225 million during the quarter. Haydale Graphene Industries had a negative net margin of 432.48% and a negative return on equity of 85.45%. On average, research analysts expect that Haydale Graphene Industries plc will post -0.2 earnings per share for the current fiscal year.

Haydale Graphene Industries Company Profile

Haydale is a global technologies group and service provider that facilitates the integration of graphene and other nanomaterials into the next generation of industrial materials and commercial technologies. With expertise in graphene, other nanomaterials and Silicon Carbide, Haydale is able to deliver improvements in electrical, thermal and mechanical properties. Haydale has been granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from five sites in the UK, USA and the Far East.