Surface Transforms (LON:SCE) Stock Price Down 5.5% – Here’s Why

Shares of Surface Transforms Plc (LON:SCE) were down 5.5% during mid-day trading on Thursday . The stock traded as low as GBX 1.65 and last traded at GBX 1.65. Approximately 2,824,500 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 11,059,091 shares. The stock had previously closed at GBX 1.75.

Surface Transforms Stock Down 6.3%

The company has a quick ratio of 3.09, a current ratio of 2.88 and a debt-to-equity ratio of 16.90. The company has a market cap of £21.35 million, a PE ratio of -1.15 and a beta of 0.35. The company’s fifty day moving average is GBX 2.20 and its 200-day moving average is GBX 1.61.

Surface Transforms (LON:SCE) last announced its earnings results on Tuesday, September 23rd. The company reported GBX (0.39) earnings per share for the quarter. Surface Transforms had a negative net margin of 250.75% and a negative return on equity of 88.05%. On average, analysts predict that Surface Transforms Plc will post 0.0144785 EPS for the current year.

Insider Buying and Selling

In other news, insider Paul Marr bought 300,000 shares of the stock in a transaction on Thursday, October 9th. The shares were bought at an average price of GBX 2 per share, with a total value of £6,000. Company insiders own 4.65% of the company’s stock.

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.