Quadrise (LON:QED) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Quadrise Plc (LON:QEDGet Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2.57 and traded as high as GBX 2.70. Quadrise shares last traded at GBX 2.52, with a volume of 2,238,519 shares.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Quadrise in a research note on Monday, January 12th.

View Our Latest Research Report on QED

Quadrise Stock Performance

The stock has a 50 day moving average price of GBX 2.43 and a two-hundred day moving average price of GBX 2.57. The company has a market capitalization of £54.17 million, a PE ratio of -15.88 and a beta of 1.00.

About Quadrise

(Get Free Report)

Quadrise is a global innovator and licensor of the disruptive heavy oil and synthetic biofuel technology that produces its proprietary MSAR® and bioMSAR™ fuels. Quadrise employs a team of energy and fuel experts with extensive experience in commercial emulsion fuels, downstream, marine and power utility applications at a global level.

Quadrise’s shares have been listed on the London Stock Exchange’s AIM market since 2006 (AIM: QED).

Further Reading

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