Nanoco Group (LON:NANO) Trading Up 4.1% – Time to Buy?

Nanoco Group plc (LON:NANO) rose 4.1% during trading on Thursday . The company traded as high as GBX 10.35 and last traded at GBX 9.58. Approximately 2,021,134 shares traded hands during trading, an increase of 279% from the average daily volume of 533,241 shares. The stock had previously closed at GBX 9.20.

Nanoco Group Stock Up 4.1%

The stock has a 50 day moving average price of GBX 10.04 and a 200 day moving average price of GBX 11.45. The company has a debt-to-equity ratio of -11.22, a quick ratio of 3.57 and a current ratio of 2.71. The company has a market capitalization of £17.41 million, a P/E ratio of -6.38 and a beta of 0.67.

Nanoco Group (LON:NANO) last posted its quarterly earnings data on Tuesday, November 18th. The company reported GBX (1.13) earnings per share (EPS) for the quarter. Nanoco Group had a positive return on equity of 419.06% and a negative net margin of 15.91%. Equities research analysts forecast that Nanoco Group plc will post 0.3318825 earnings per share for the current fiscal year.

Nanoco Group Company Profile

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.