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Quadrise (LON:QED) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Quadrise logo with Energy background
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Key Points

  • Intraday technical move: Quadrise (LON:QED) briefly crossed above its 200-day moving average, trading as high as GBX 2.70 versus the 200‑day MA of GBX 2.57 on volume of 2,238,519 shares, though the last trade was GBX 2.52.
  • Price and fundamentals: Shares were reported up about 7.3%, valuing the company at £54.17 million, with a negative P/E of -15.88 and a beta of 1.00.
  • Analyst and business note: Shore Capital Group reiterated a "house stock" rating on Jan 12; Quadrise develops MSAR® and bioMSAR™ heavy oil and synthetic biofuel technologies.
  • Five stocks to consider instead of Quadrise.

Quadrise Plc (LON:QED - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2.57 and traded as high as GBX 2.70. Quadrise shares last traded at GBX 2.52, with a volume of 2,238,519 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a "house stock" rating on shares of Quadrise in a research report on Monday, January 12th.

View Our Latest Stock Report on Quadrise

Quadrise Trading Up 7.3%

The stock has a market capitalization of £54.17 million, a price-to-earnings ratio of -15.88 and a beta of 1.00. The stock has a 50-day simple moving average of GBX 2.43 and a 200 day simple moving average of GBX 2.57.

Quadrise Company Profile

(Get Free Report)

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.

Further Reading

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