Surface Transforms (LON:SCE) Shares Up 7.9% – Here’s Why

Surface Transforms Plc (LON:SCE)’s stock price shot up 7.9% during mid-day trading on Wednesday . The company traded as high as GBX 0.37 ($0.00) and last traded at GBX 0.37 ($0.00). 1,241,827 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 7,126,445 shares. The stock had previously closed at GBX 0.34 ($0.00).

Surface Transforms Stock Up 4.4 %

The business has a 50 day moving average of GBX 0.29 and a two-hundred day moving average of GBX 0.31. The stock has a market capitalization of £4.49 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.

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.