Nanoco Group (LON:NANO) Trading Down 11.6% – Should You Sell?

Nanoco Group plc (LON:NANO) shares fell 11.6% on Friday . The company traded as low as GBX 12.70 ($0.16) and last traded at GBX 12.70 ($0.16). 1,234,281 shares traded hands during trading, a decline of 24% from the average session volume of 1,617,802 shares. The stock had previously closed at GBX 14.36 ($0.18).

Nanoco Group Stock Performance

The stock’s fifty day moving average is GBX 12.58 and its two-hundred day moving average is GBX 13.92. The firm has a market capitalization of £24.04 million, a price-to-earnings ratio of 328.00 and a beta of 0.67. The company has a debt-to-equity ratio of 36.93, a quick ratio of 3.57 and a current ratio of 4.82.

Insiders Place Their Bets

In related news, insider Dmitry Shashkov acquired 405,212 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of GBX 1,400 ($17.67) per share, with a total value of £5,672,968 ($7,160,126.21). 50.28% of the stock is owned by company insiders.

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.