Nanoco Group (LON:NANO) Trading 19.1% Higher – What’s Next?

Nanoco Group plc (LON:NANO) shares traded up 19.1% on Friday . The stock traded as high as GBX 3 and last traded at GBX 2.62. 37,801,258 shares were traded during trading, an increase of 2,235% from the average session volume of 1,618,672 shares. The stock had previously closed at GBX 2.20.

Nanoco Group Price Performance

The firm has a 50-day simple moving average of GBX 4.94 and a two-hundred day simple moving average of GBX 6.27. The company has a market capitalization of £4.78 million, a price-to-earnings ratio of 5.24 and a beta of 0.67. The company has a current ratio of 1.83, a quick ratio of 3.57 and a debt-to-equity ratio of -4.43.

Nanoco Group (LON:NANO) last announced its quarterly earnings results on Monday, April 20th. The company reported GBX 1.15 earnings per share for the quarter. The company had revenue of GBX 770 million for the quarter. Nanoco Group had a negative return on equity of 5.96% and a net margin of 9.21%. As a group, analysts predict 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.