Nanoco Group (LON:NANO) Shares Up 5.4% – Still a Buy?

Shares of Nanoco Group plc (LON:NANOGet Free Report) traded up 5.4% during mid-day trading on Thursday . The company traded as high as GBX 10.35 and last traded at GBX 9.70. 1,676,193 shares changed hands during mid-day trading, an increase of 215% from the average session volume of 531,715 shares. The stock had previously closed at GBX 9.20.

Nanoco Group Stock Performance

The company’s 50 day simple moving average is GBX 10.04 and its 200 day simple moving average is GBX 11.45. 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 stock has a market cap of £17.63 million, a PE ratio of -6.47 and a beta of 0.67.

Nanoco Group (LON:NANOGet Free Report) last announced its earnings results on Tuesday, November 18th. The company reported GBX (1.13) earnings per share for the quarter. Nanoco Group had a positive return on equity of 419.06% and a negative net margin of 15.91%. Analysts expect that Nanoco Group plc will post 0.3318825 earnings per share for the current year.

Nanoco Group Company Profile

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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.

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