HeiQ (LON:HEIQ) Stock Price Down 68.6% – Should You Sell?

HeiQ Plc (LON:HEIQ) dropped 68.6% on Tuesday . The company traded as low as GBX 1 ($0.01) and last traded at GBX 1.75 ($0.02). Approximately 12,979,761 shares changed hands during mid-day trading, an increase of 3,575% from the average daily volume of 353,191 shares. The stock had previously closed at GBX 5.57 ($0.07).

HeiQ Trading Up 2.4 %

The stock has a market cap of £4.62 million, a PE ratio of -37.29 and a beta of 0.44. The company has a current ratio of 1.24, a quick ratio of 1.91 and a debt-to-equity ratio of 66.87. The firm has a fifty day simple moving average of GBX 7.84 and a two-hundred day simple moving average of GBX 9.74.

Insider Activity at HeiQ

In related news, insider Carlo Riccardo Centonze purchased 500,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was acquired at an average price of GBX 5 ($0.06) per share, with a total value of £25,000 ($32,459.10). 46.11% of the stock is currently owned by insiders.

About HeiQ

HeiQ Plc, through its subsidiaries, operates in the antimicrobial fabrics, textiles and flooring, and life sciences businesses in Europe, North and South America, Asia, and internationally. It offers functional textile technologies to provide hygiene, comfort protection, and resource efficiency; surface coatings and polymers; patented probiotic technology for cosmetics, water treatment, and cleaning products; and functional consumer goods for personal care, healthcare, and lifestyle.