Haydale Graphene Industries (LON:HAYD) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Haydale Graphene Industries plc (LON:HAYD)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 0.28 and traded as high as GBX 0.34. Haydale Graphene Industries shares last traded at GBX 0.34, with a volume of 6,866,598 shares trading hands.

Haydale Graphene Industries Stock Performance

The company has a debt-to-equity ratio of 8.65, a current ratio of 1.88 and a quick ratio of 1.10. The company’s fifty day simple moving average is GBX 0.28 and its two-hundred day simple moving average is GBX 0.32. The stock has a market cap of £25.50 million, a price-to-earnings ratio of -0.99 and a beta of 2.28.

Haydale Graphene Industries (LON:HAYD) last released its earnings results on Wednesday, June 24th. The company reported GBX (0.04) earnings per share (EPS) for the quarter. Haydale Graphene Industries had a negative net margin of 432.48% and a negative return on equity of 85.45%. The business had revenue of GBX 225 million during the quarter. On average, analysts forecast that Haydale Graphene Industries plc will post -0.2 earnings per share for the current year.

About Haydale Graphene Industries

Haydale is a global technologies group and service provider that facilitates the integration of graphene and other nanomaterials into the next generation of industrial materials and commercial technologies. With expertise in graphene, other nanomaterials and Silicon Carbide, Haydale is able to deliver improvements in electrical, thermal and mechanical properties. Haydale has been granted patents for its technologies in Europe, USA, Australia, Japan and China and operates from five sites in the UK, USA and the Far East.