Nanoco Group (LON:NANO) Share Price Passes Above 200 Day Moving Average – Here’s Why

Nanoco Group plc (LON:NANO) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 13.69 ($0.17) and traded as high as GBX 14.58 ($0.18). Nanoco Group shares last traded at GBX 14.20 ($0.18), with a volume of 90,113 shares changing hands.

Nanoco Group Stock Performance

The company has a market capitalization of £26.01 million, a PE ratio of 355.00 and a beta of 0.67. The company has a current ratio of 4.82, a quick ratio of 3.57 and a debt-to-equity ratio of 36.93. The business’s fifty day moving average is GBX 12.78 and its two-hundred day moving average is GBX 13.69.

Insider Transactions at Nanoco Group

In other Nanoco Group news, insider Dmitry Shashkov acquired 405,212 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average price of GBX 1,400 ($17.56) per share, with a total value of £5,672,968 ($7,115,223.88). Company insiders own 50.28% of the company’s stock.

About Nanoco Group

Nanoco Group plc, together with its subsidiaries, engages in the research, development, manufacture, and licensing of novel nanomaterials for use in various commercial applications. The company offers CFQD quantum dots consisting of fluorescent semiconductor nanoparticles for OLED and µLED colour conversion, QD-EL, and security tagging applications; and HEATWAVE quantum dots for use in biometric facial recognition, optical diagnostics, LiDAR, and night vision applications in the sensor industry.