Nanoco Group (LON:NANO) Stock Price Up 10% – What’s Next?

Shares of Nanoco Group plc (LON:NANO) were up 10% on Tuesday . The stock traded as high as GBX 8.48 ($0.11) and last traded at GBX 7.80 ($0.10). Approximately 4,687,822 shares changed hands during trading, an increase of 760% from the average daily volume of 545,100 shares. The stock had previously closed at GBX 7.09 ($0.09).

Nanoco Group Price Performance

The company has a quick ratio of 3.57, a current ratio of 2.71 and a debt-to-equity ratio of -11.22. The company’s 50 day moving average is GBX 8.08 and its 200 day moving average is GBX 11.12. The firm has a market capitalization of £15.08 million, a price-to-earnings ratio of -17.86 and a beta of 0.67.

Nanoco Group (LON:NANO) last issued its earnings results on Tuesday, April 15th. The company reported GBX (0.53) (($0.01)) 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, equities research analysts anticipate 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.