Haydale Graphene Industries (LON:HAYD) Stock Passes Below 200-Day Moving Average – Here’s Why

Shares of Haydale Graphene Industries plc (LON:HAYD) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 0.33 and traded as low as GBX 0.26. Haydale Graphene Industries shares last traded at GBX 0.26, with a volume of 1,143,407 shares trading hands.

Haydale Graphene Industries Price Performance

The firm has a market capitalization of £20.21 million, a P/E ratio of -0.79 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. The firm has a 50 day moving average price of GBX 0.29 and a 200-day moving average price of GBX 0.33.

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

Haydale Graphene Industries Company Profile

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.