Surface Transforms (LON:SCE) Stock Price Down 13% – Here’s What Happened

Shares of Surface Transforms Plc (LON:SCEGet Free Report) traded down 13% during mid-day trading on Friday . The company traded as low as GBX 0.35 ($0.00) and last traded at GBX 0.36 ($0.00). 28,671,635 shares changed hands during mid-day trading, an increase of 70% from the average session volume of 16,896,891 shares. The stock had previously closed at GBX 0.42 ($0.01).

Surface Transforms Stock Down 4.8 %

The business’s 50 day simple moving average is GBX 0.26 and its 200-day simple moving average is GBX 1.07. The company has a debt-to-equity ratio of 23.92, a quick ratio of 3.09 and a current ratio of 2.88. The company has a market cap of £5.14 million, a price-to-earnings ratio of -5.64 and a beta of 0.35.

About Surface Transforms

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Surface Transforms Plc, together with its subsidiaries, researches, designs, develops, manufactures, and sells carbon ceramic products for the brakes market in the United Kingdom, Germany, Sweden, rest of Europe, the United States, and internationally. The company offers carbon-ceramic brake discs for automotive and aircraft applications.

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