Haydale Graphene Industries (LON:HAYD) Stock Price Up 8.8% – Here’s Why

Haydale Graphene Industries plc (LON:HAYD) shares traded up 8.8% during mid-day trading on Tuesday . The stock traded as high as GBX 0.34 and last traded at GBX 0.31. Approximately 38,945,605 shares traded hands during mid-day trading, an increase of 354% from the average daily volume of 8,584,057 shares. The stock had previously closed at GBX 0.28.

Haydale Graphene Industries Price Performance

The company’s 50 day simple moving average is GBX 0.28 and its 200 day simple moving average is GBX 0.32. The company has a market capitalization of £24.10 million, a PE ratio of -0.94 and a beta of 2.28. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.88 and a quick ratio of 1.10.

Haydale Graphene Industries (LON:HAYD) last posted 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 firm had revenue of GBX 225 million during the quarter. As a group, sell-side 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.