Quadrise (LON:QED) Shares Cross Below 200 Day Moving Average – Here’s What Happened
by Doug Wharley · The Cerbat GemQuadrise Plc (LON:QED – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2.39 and traded as low as GBX 1.60. Quadrise shares last traded at GBX 1.80, with a volume of 218,442 shares trading hands.
Analysts Set New Price Targets
Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Quadrise in a research report on Friday, June 12th.
View Our Latest Analysis on QED
Quadrise Stock Up 2.9%
The firm has a market cap of £36.11 million, a price-to-earnings ratio of -10.59 and a beta of 0.90. The business has a 50 day moving average price of GBX 2.40 and a 200-day moving average price of GBX 2.39.
About Quadrise
Quadrise is a global innovator and licensor of the disruptive heavy oil and synthetic biofuel technology that produces its proprietary MSAR® and bioMSAR™ fuels. Quadrise employs a team of energy and fuel experts with extensive experience in commercial emulsion fuels, downstream, marine and power utility applications at a global level.
Quadrise’s shares have been listed on the London Stock Exchange’s AIM market since 2006 (AIM: QED).