Surface Transforms (LON:SCE) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Surface Transforms Plc (LON:SCE) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1.46 and traded as high as GBX 2.04. Surface Transforms shares last traded at GBX 1.99, with a volume of 3,503,282 shares.

Surface Transforms Stock Performance

The company’s 50 day moving average price is GBX 2.31 and its 200-day moving average price is GBX 1.46. The stock has a market cap of £25.91 million, a P/E ratio of -1.40 and a beta of 0.35. The company has a debt-to-equity ratio of 16.90, a quick ratio of 3.09 and a current ratio of 2.88.

Surface Transforms (LON:SCE) last released its quarterly earnings results on Tuesday, September 23rd. The company reported GBX (0.39) earnings per share for the quarter. Surface Transforms had a negative net margin of 250.75% and a negative return on equity of 88.05%. Equities analysts forecast that Surface Transforms Plc will post 0.0144785 EPS for the current fiscal year.

Insider Activity at Surface Transforms

In other news, insider Paul Marr bought 300,000 shares of the company’s stock in a transaction on Thursday, October 9th. The shares were purchased at an average price of GBX 2 per share, with a total value of £6,000. 4.65% of the stock is currently owned by corporate insiders.

About Surface Transforms

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.