Haydale Graphene Industries (LON:HAYD) Share Price Passes Below 200-Day Moving Average – What’s Next?

Shares of Haydale Graphene Industries plc (LON:HAYD) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 0.34 and traded as low as GBX 0.26. Haydale Graphene Industries shares last traded at GBX 0.26, with a volume of 9,812,110 shares traded.

Haydale Graphene Industries Trading Down 1.9%

The business has a fifty day moving average price of GBX 0.30 and a 200-day moving average price of GBX 0.34. The company has a quick ratio of 1.10, a current ratio of 1.88 and a debt-to-equity ratio of 8.65. The company has a market cap of £20.21 million, a P/E ratio of -0.79 and a beta of 2.28.

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

About Haydale Graphene Industries

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.