Nanoco Group (LON:NANO) Shares Pass Below 200 Day Moving Average – Should You Sell?

Nanoco Group plc (LON:NANO)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 16.34 ($0.21) and traded as low as GBX 12.50 ($0.16). Nanoco Group shares last traded at GBX 12.50 ($0.16), with a volume of 556,152 shares changing hands.

Nanoco Group Stock Down 0.8 %

The company has a debt-to-equity ratio of 36.93, a current ratio of 4.82 and a quick ratio of 3.57. The firm has a market cap of £22.89 million, a P/E ratio of 312.50 and a beta of 0.67. The firm’s 50-day moving average price is GBX 12.60 and its 200 day moving average price is GBX 16.34.

Nanoco Group Company Profile

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.