Haydale Graphene Industries (LON:HAYD) Share Price Breaks Above 50-Day Moving Average – What’s Next?

Shares of Haydale Graphene Industries plc (LON:HAYD) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 0.29 and traded as high as GBX 0.34. Haydale Graphene Industries shares last traded at GBX 0.34, with a volume of 10,997,330 shares changing hands.

Haydale Graphene Industries Stock Down 0.3%

The company has a debt-to-equity ratio of 8.65, a quick ratio of 1.10 and a current ratio of 1.88. The company has a market cap of £25.97 million, a P/E ratio of -1.01 and a beta of 2.29. The stock has a 50 day moving average price of GBX 0.29 and a 200 day moving average price of GBX 0.31.

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