Symphony Environmental Technologies (LON:SYM) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Symphony Environmental Technologies plc (LON:SYM) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 7.65 and traded as low as GBX 6.50. Symphony Environmental Technologies shares last traded at GBX 6.50, with a volume of 47,973 shares traded.

Symphony Environmental Technologies Price Performance

The stock’s 50-day moving average is GBX 8.22 and its 200 day moving average is GBX 7.64. The company has a debt-to-equity ratio of -442.68, a current ratio of 0.75 and a quick ratio of 1.01. The company has a market cap of £15.41 million, a PE ratio of -6.04 and a beta of 0.81.

Symphony Environmental Technologies (LON:SYM) last released its quarterly earnings results on Wednesday, June 24th. The company reported GBX (1.08) earnings per share (EPS) for the quarter. The firm had revenue of GBX 573 million during the quarter. Symphony Environmental Technologies had a negative return on equity of 1,282.78% and a negative net margin of 43.53%. On average, equities analysts anticipate that Symphony Environmental Technologies plc will post 0.6380089 earnings per share for the current fiscal year.

About Symphony Environmental Technologies

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.