Symphony Environmental Technologies (LON:SYM) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Symphony Environmental Technologies plc (LON:SYM)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 7.72 and traded as low as GBX 7.60. Symphony Environmental Technologies shares last traded at GBX 7.60, with a volume of 137,183 shares changing hands.

Symphony Environmental Technologies Stock Down 6.1%

The firm has a market capitalization of £20.09 million, a price-to-earnings ratio of -14.66 and a beta of 0.81. The stock has a 50 day moving average of GBX 7.37 and a 200 day moving average of GBX 7.73. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 232.89.

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.