Surface Transforms (LON:SCE) Shares Up 23.7% – Still a Buy?

Surface Transforms Plc (LON:SCEGet Free Report) was up 23.7% during mid-day trading on Thursday . The company traded as high as GBX 0.47 ($0.01) and last traded at GBX 0.47 ($0.01). Approximately 22,682,461 shares traded hands during mid-day trading, an increase of 92% from the average daily volume of 11,815,789 shares. The stock had previously closed at GBX 0.38 ($0.00).

Surface Transforms Stock Down 2.2 %

The business’s 50 day simple moving average is GBX 0.33 and its 200-day simple moving average is GBX 0.86. 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 £5.85 million, a price-to-earnings ratio of -6.43 and a beta of 0.35.

About Surface Transforms

(Get Free Report)

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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