Symphony Environmental Technologies (LON:SYM) Shares Break Below 200 Day Moving Average – Here’s What Happened

Shares of Symphony Environmental Technologies plc (LON:SYM) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 7.64 and traded as low as GBX 6.50. Symphony Environmental Technologies shares last traded at GBX 7, with a volume of 9,494 shares changing hands.

Symphony Environmental Technologies Stock Performance

The company has a debt-to-equity ratio of -492.94, a quick ratio of 1.01 and a current ratio of 0.78. The business has a 50-day moving average price of GBX 7.42 and a 200 day moving average price of GBX 7.65. The stock has a market capitalization of £14.42 million, a P/E ratio of -7.26 and a beta of 0.76.

Symphony Environmental Technologies (LON:SYM) last posted its quarterly earnings results on Wednesday, September 16th. The company reported GBX 0.02 earnings per share for the quarter. Symphony Environmental Technologies had a positive return on equity of 248.81% and a negative net margin of 30.19%. As a group, sell-side analysts forecast that Symphony Environmental Technologies plc will post 0.64 EPS for the current fiscal year.

About Symphony Environmental Technologies

Symphony Environmental is a world leader in the development of plastic additives and masterbatches to enhance plastic products.

Our leading brands are d2w biodegradable plastic technology, developed to make ordinary plastic self-destruct and become biodegradable in the same way as nature’s wastes, if it should escape collection and end up as litter. Much faster than ordinary plastic so that it does not cause long term harm in the environment.

Our protective technologies provide cost-effective protection to products and surfaces in applications as diverse as food packaging and processing to flame retardants, insecticides and pest control.