Nanoco Group (LON:NANO) Shares Up 10% – Here’s What Happened

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

Nanoco Group Trading Up 3.5 %

The firm has a market cap of £15.08 million, a P/E ratio of -17.86 and a beta of 0.67. The company has a debt-to-equity ratio of -11.22, a quick ratio of 3.57 and a current ratio of 2.71. The firm has a fifty day moving average of GBX 8.08 and a 200-day moving average of GBX 11.12.

Nanoco Group (LON:NANO) last announced its quarterly earnings results on Tuesday, April 15th. The company reported GBX (0.53) (($0.01)) earnings per share (EPS) for the quarter. Nanoco Group had a negative net margin of 15.91% and a positive return on equity of 419.06%. Equities research analysts forecast that Nanoco Group plc will post 0.3318825 earnings per share for the current 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.