Haydale Graphene Industries (LON:HAYD) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Haydale Graphene Industries plc (LON:HAYD)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 0.32 and traded as low as GBX 0.28. Haydale Graphene Industries shares last traded at GBX 0.29, with a volume of 23,300,227 shares trading hands.

Haydale Graphene Industries Stock Performance

The company has a quick ratio of 1.10, a current ratio of 1.88 and a debt-to-equity ratio of 8.65. The stock has a market cap of £22.55 million, a price-to-earnings ratio of -0.88 and a beta of 2.28. The company has a 50 day simple moving average of GBX 0.32 and a 200 day simple moving average of GBX 0.37.

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