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

Nanoco Group plc (LON:NANOGet Free Report)’s share price rose 4.1% during mid-day trading on Thursday . The stock traded as high as GBX 10.35 and last traded at GBX 9.58. Approximately 2,021,134 shares were traded during mid-day 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 Price Performance

The firm’s fifty day simple moving average is GBX 9.98 and its 200-day simple moving average is GBX 11.42. The firm has a market capitalization of £17.09 million, a PE ratio of -6.27 and a beta of 0.67. The company has a quick ratio of 3.57, a current ratio of 2.71 and a debt-to-equity ratio of -11.22.

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

About Nanoco Group

(Get Free Report)

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.

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