Haydale Graphene Industries (LON:HAYD) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Haydale Graphene Industries plc (LON:HAYD) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 0.32 and traded as low as GBX 0.28. Haydale Graphene Industries shares last traded at GBX 0.29, with a volume of 23,300,227 shares.

Haydale Graphene Industries Trading Down 1.8%

The business has a 50 day moving average of GBX 0.32 and a two-hundred day moving average of GBX 0.37. The firm has a market cap of £21.38 million, a P/E ratio of -0.83 and a beta of 2.28. The company has a current ratio of 1.88, a quick ratio of 1.10 and a debt-to-equity ratio of 8.65.

Haydale Graphene Industries (LON:HAYD) last released its quarterly earnings data on Wednesday, June 24th. The company reported GBX (0.04) EPS for the quarter. The company had revenue of GBX 225 million during the quarter. Haydale Graphene Industries had a negative net margin of 432.48% and a negative return on equity of 85.45%. Analysts predict that Haydale Graphene Industries plc will post -0.2 earnings per share for the current year.

About Haydale Graphene Industries

Haydale is a global technologies group and service provider that facilitates the integration of graphene and other nanomaterials into the next generation of industrial materials and commercial technologies. With expertise in graphene, other nanomaterials and Silicon Carbide, Haydale is able to deliver improvements in electrical, thermal and mechanical properties. Haydale has been granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from five sites in the UK, USA and the Far East.