Quadrise (LON:QED) Stock Passes Below 200 Day Moving Average - Should You Sell?

Key Points

• The stock price of Quadrise Plc (LON:QED) has fallen below its 200-day moving average, trading at GBX 3.23 ($0.04) on Wednesday.
• Insider Jason Miles sold over 2.7 million shares of Quadrise stock, valued at approximately £108,113.56, indicating significant insider activity.
• Quadrise has a market capitalization of £62.69 million and a negative price-to-earnings ratio of -1,838.24, reflecting financial challenges.

Quadrise Plc (LON:QED - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3.98 ($0.05) and traded as low as GBX 3.05 ($0.04). Quadrise shares last traded at GBX 3.23 ($0.04), with a volume of 5,243,387 shares traded.

Quadrise Price Performance

The company's fifty day simple moving average is GBX 3.44 and its two-hundred day simple moving average is GBX 3.97. The company has a market capitalization of £64.00 million, a price-to-earnings ratio of -1,876.47 and a beta of 1.83.

Insiders Place Their Bets

In other Quadrise news, insider Jason Miles sold 1,013,049 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of GBX 4, for a total value of £40,521.96. Company insiders own 4.60% of the company's stock.

Quadrise Company Profile

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.