Nanoco Group (LON:NANO) Stock Price Down 11.9% – Here’s Why

Nanoco Group plc (LON:NANOGet Free Report) shares were down 11.9% on Tuesday . The company traded as low as GBX 6.50 and last traded at GBX 6.50. Approximately 527,612 shares changed hands during trading, a decline of 17% from the average daily volume of 632,052 shares. The stock had previously closed at GBX 7.38.

Nanoco Group Trading Down 7.3%

The firm has a market capitalization of £12.48 million, a price-to-earnings ratio of 13.68 and a beta of 0.67. The business’s 50-day simple moving average is GBX 5.62 and its two-hundred day simple moving average is GBX 6.90. The company has a quick ratio of 3.57, a current ratio of 1.83 and a debt-to-equity ratio of -4.43.

Nanoco Group (LON:NANOGet Free Report) last announced its quarterly earnings results on Monday, April 20th. The company reported GBX 1.15 earnings per share for the quarter. Nanoco Group had a net margin of 9.21% and a negative return on equity of 5.96%. The business had revenue of GBX 770 million during the quarter. Equities analysts forecast that Nanoco Group plc will post 0.3318825 earnings per share for the current year.

About Nanoco Group

(Get Free Report)

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.

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