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

Quadrise logo with Energy background

Quadrise Plc (LON:QED - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4.43 ($0.06) and traded as low as GBX 4.29 ($0.06). Quadrise shares last traded at GBX 4.31 ($0.06), with a volume of 2,397,430 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Quadrise in a report on Thursday, May 1st.

View Our Latest Stock Analysis on QED

Quadrise Trading Down 8.2%

The firm has a market cap of £82.81 million, a PE ratio of -23.38 and a beta of 1.83. The company's 50-day moving average is GBX 4.47 and its 200 day moving average is GBX 4.45.

About Quadrise

(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.

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