Quadrise (LON:QED) Stock Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Quadrise Plc shares fell below their 200-day moving average of GBX 4.07 ($0.06) during trading, closing at GBX 3.10 ($0.04).
• Shore Capital reaffirmed a "house stock" rating on Quadrise, indicating analysts' belief in the company's future growth potential.
• An insider sold over 1 million shares at an average price of GBX 4 ($0.05), raising concerns about insider confidence, as insiders currently hold 7.42% of the stock.

Quadrise Plc (LON:QED - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4.07 ($0.05) and traded as low as GBX 3.09 ($0.04). Quadrise shares last traded at GBX 3.10 ($0.04), with a volume of 2,973,596 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "house stock" rating on shares of Quadrise in a research note on Thursday, May 1st.

Quadrise Price Performance

The stock's 50-day moving average price is GBX 3.76 and its 200 day moving average price is GBX 4.06. The firm has a market cap of £64.21 million, a P/E ratio of -18.13 and a beta of 1.83.

Insider Activity at Quadrise

In other Quadrise news, insider Jason Miles sold 2,702,839 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of GBX 4, for a total transaction of £108,113.56. 7.42% of the stock is currently owned by company insiders.

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.