Surface Transforms (LON:SCE) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

by · The Cerbat Gem

Shares of Surface Transforms Plc (LON:SCE – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1.69 and traded as high as GBX 1.74. Surface Transforms shares last traded at GBX 1.66, with a volume of 645,593 shares trading hands.

Surface Transforms Stock Down 3.8%

The business’s fifty day moving average price is GBX 2.02 and its two-hundred day moving average price is GBX 1.69. The company has a debt-to-equity ratio of 16.90, a quick ratio of 3.09 and a current ratio of 2.88. The firm has a market capitalization of £21.61 million, a P/E ratio of -1.17 and a beta of 0.35.

Surface Transforms (LON:SCE – Get Free Report) last issued 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 return on equity of 88.05% and a negative net margin of 250.75%. Equities analysts expect that Surface Transforms Plc will post 0.0144785 earnings per share for the current fiscal year.

Insider Buying and Selling at Surface Transforms

In other Surface Transforms news, insider Paul Marr acquired 300,000 shares of the business’s stock in a transaction dated Thursday, October 9th. The stock was acquired at an average cost of GBX 2 per share, for a total transaction of £6,000. 4.65% of the stock is currently owned by corporate insiders.

Surface Transforms Company Profile

(Get Free Report)

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.

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