Quadrise (LON:QED) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Quadrise Plc (LON:QED) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3.98 ($0.05) and traded as low as GBX 3.78 ($0.05). Quadrise shares last traded at GBX 3.95 ($0.05), with a volume of 1,893,401 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “house stock” rating on shares of Quadrise in a research report on Tuesday, September 30th.

Quadrise Price Performance

The firm has a market cap of £78.24 million, a PE ratio of -2,294.12 and a beta of 1.83. The business has a 50-day moving average price of GBX 3.49 and a two-hundred day moving average price of GBX 3.98.

Quadrise (LON:QED) last announced its quarterly earnings results on Monday, September 29th. The company reported GBX (0.17) earnings per share for the quarter.

Insider Buying and Selling at Quadrise

In related news, insider Jason Miles sold 2,702,839 shares of Quadrise stock in a transaction dated Friday, July 11th. The stock was sold at an average price of GBX 4, for a total transaction of £108,113.56. 4.60% of the stock is currently owned by corporate insiders.

About Quadrise

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).