Sondrel (LON:SND) Trading 22.2% Higher – Time to Buy?

Sondrel (Holdings) plc (LON:SND) traded up 22.2% during mid-day trading on Thursday . The company traded as high as GBX 1.60 ($0.02) and last traded at GBX 1.38 ($0.02). 7,374,791 shares changed hands during trading, an increase of 366% from the average session volume of 1,582,900 shares. The stock had previously closed at GBX 1.13 ($0.01).

Sondrel Stock Performance

The company has a debt-to-equity ratio of 7.56, a quick ratio of 0.81 and a current ratio of 0.20. The firm has a market capitalization of £2.37 million and a price-to-earnings ratio of -5.50. The company has a 50-day moving average price of GBX 1.38 and a 200-day moving average price of GBX 3.07.

Sondrel Company Profile

Sondrel (Holdings) plc engages in fabless semiconductor business. It provides turnkey services in the design and delivery of application specific integrated circuits and system on chips for technology brands. Its products are used in mobile phones, cameras, security systems, AR/VR systems, and other applications.