EQTEC (LON:EQT) Shares Down 8.4% – Time to Sell?

EQTEC plc (LON:EQT) dropped 8.4% during mid-day trading on Wednesday . The company traded as low as GBX 0.64 ($0.01) and last traded at GBX 0.64 ($0.01). Approximately 732,167 shares changed hands during trading, a decline of 62% from the average daily volume of 1,905,766 shares. The stock had previously closed at GBX 0.70 ($0.01).

EQTEC Stock Down 8.4%

The company has a market capitalization of £1.65 million, a price-to-earnings ratio of -3.77 and a beta of 2.07. The business’s 50-day moving average is GBX 0.62 and its 200-day moving average is GBX 0.58. The company has a quick ratio of 0.84, a current ratio of 2.75 and a debt-to-equity ratio of 37.66.

About EQTEC

EQTEC is a world-leading technology innovation company enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production.

We provide solutions for two of the world’s greatest challenges: managing rising levels of waste and meeting the growing demand for clean energy.

EQTEC designs and supplies advanced gasification solutions and has a higher efficiency product offering that it is modular and scalable from 1MW to 30MW.