Surface Transforms (LON:SCE) Stock Price Down 14.2% – Here’s Why

Shares of Surface Transforms Plc (LON:SCEGet Free Report) dropped 14.2% during mid-day trading on Monday . The company traded as low as GBX 1.80 and last traded at GBX 1.80. Approximately 10,481,694 shares traded hands during trading, an increase of 63% from the average daily volume of 6,422,206 shares. The stock had previously closed at GBX 2.10.

Surface Transforms Trading Down 17.0%

The stock has a market capitalization of £22.68 million, a PE ratio of -1.23 and a beta of 0.35. The firm has a 50 day moving average price of GBX 1.82 and a 200 day moving average price of GBX 1.79. The company has a quick ratio of 3.09, a current ratio of 2.88 and a debt-to-equity ratio of 16.90.

About Surface Transforms

(Get Free Report)

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. It also provides carbon-ceramic materials for various applications, such as motorsports, military, and other special vehicles. The company was founded in 1992 and is based in Liverpool, the United Kingdom.

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