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

Nanoco Group plc (LON:NANO)’s share price passed 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.

Nanoco Group Stock Performance

The stock has a market cap of £26.71 million, a price-to-earnings ratio of 364.48 and a beta of 0.67. The company’s 50-day simple moving average is GBX 12.82 and its 200-day simple moving average is GBX 13.67. The company has a quick ratio of 3.57, a current ratio of 4.82 and a debt-to-equity ratio of 36.93.

Insider Buying and Selling at Nanoco Group

In other Nanoco Group news, insider Dmitry Shashkov bought 405,212 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of GBX 1,400 ($17.54) per share, for a total transaction of £5,672,968 ($7,108,982.46). Corporate 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.