Nanoco Group (LON:NANO) Shares Down 12.4% – Should You Sell?

Nanoco Group plc (LON:NANO) shares fell 12.4% during trading on Thursday . The company traded as low as GBX 2 and last traded at GBX 2.20. 2,931,008 shares changed hands during trading, an increase of 127% from the average session volume of 1,289,740 shares. The stock had previously closed at GBX 2.51.

Nanoco Group Price Performance

The company has a debt-to-equity ratio of -4.43, a quick ratio of 3.57 and a current ratio of 1.83. The stock’s 50 day simple moving average is GBX 4.94 and its 200 day simple moving average is GBX 6.27. The firm has a market capitalization of £4.78 million, a P/E ratio of 5.24 and a beta of 0.67.

Nanoco Group (LON:NANO) last issued its quarterly earnings data on Monday, April 20th. The company reported GBX 1.15 earnings per share (EPS) for the quarter. Nanoco Group had a net margin of 9.21% and a negative return on equity of 5.96%. The company had revenue of GBX 770 million for the quarter. As a group, analysts expect that Nanoco Group plc will post 0.3318825 earnings per share for the current fiscal year.

About Nanoco Group

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.