Surface Transforms (LON:SCE) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of Surface Transforms Plc (LON:SCE) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 0.54 ($0.01) and traded as high as GBX 0.97 ($0.01). Surface Transforms shares last traded at GBX 0.96 ($0.01), with a volume of 1,118,938 shares changing hands.

Surface Transforms Trading Up 1.1%

The stock has a market cap of £12.15 million, a PE ratio of 0.00 and a beta of 0.35. The company has a debt-to-equity ratio of 16.90, a quick ratio of 3.09 and a current ratio of 2.88. The company’s 50-day moving average price is GBX 0.91 and its 200 day moving average price is GBX 0.54.

Surface Transforms (LON:SCE) last announced its quarterly earnings results on Tuesday, June 10th. The company reported GBX (2.31) (($0.03)) EPS for the quarter. Surface Transforms had a negative net margin of 250.75% and a negative return on equity of 88.05%. On average, sell-side analysts forecast that Surface Transforms Plc will post 0.0144785 EPS for the current fiscal year.

Insider Transactions at Surface Transforms

In related news, insider Ian Cleminson acquired 2,688,172 shares of the firm’s stock in a transaction dated Thursday, June 12th. The shares were purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £26,881.72 ($36,262.94). Also, insider Steven Harrison bought 512,676 shares of the business’s stock in a transaction on Wednesday, June 11th. The stock was purchased at an average cost of GBX 1 ($0.01) per share, for a total transaction of £5,126.76 ($6,915.90). 19.56% of the stock is owned by company insiders.

Surface Transforms Company Profile

Surface Transforms Plc, together with its subsidiaries, researches, designs, develops, manufactures, and sells carbon ceramic products for the brakes market in the United Kingdom, Germany, Sweden, rest of Europe, the United States, and internationally. The company offers carbon-ceramic brake discs for automotive and aircraft applications.