Symphony Environmental Technologies (LON:SYM) Shares Pass Below 200 Day Moving Average – Time to Sell?

Symphony Environmental Technologies plc (LON:SYM) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7.94 and traded as low as GBX 7.50. Symphony Environmental Technologies shares last traded at GBX 7.75, with a volume of 14 shares trading hands.

Symphony Environmental Technologies Trading Up 3.3%

The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 232.89. The stock’s 50 day moving average price is GBX 6.98 and its 200-day moving average price is GBX 7.94. The stock has a market capitalization of £18.32 million, a P/E ratio of -13.36 and a beta of 0.58.

Insider Buying and Selling

In other Symphony Environmental Technologies news, insider Michael Laurier sold 325,525 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of GBX 6, for a total value of £19,531.50. Company insiders own 18.77% of the company’s stock.

Symphony Environmental Technologies Company Profile

Symphony Environmental is a world leader in the development of plastic additives and masterbatches to enhance plastic products.

Our leading brands are d2w biodegradable plastic technology, developed to make ordinary plastic self-destruct and become biodegradable in the same way as nature’s wastes, if it should escape collection and end up as litter. Much faster than ordinary plastic so that it does not cause long term harm in the environment.

Our protective technologies provide cost-effective protection to products and surfaces in applications as diverse as food packaging and processing to flame retardants, insecticides and pest control.