Quadrise (LON:QED) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Quadrise Plc's stock price fell below its 200-day moving average, trading as low as GBX 3.18 ($0.04) while its 200-day average is GBX 4.17 ($0.06).
• The company has a market capitalization of £61.72 million and a P/E ratio of -17.43, indicating potential financial challenges.
• Insider Jason Miles sold 2,702,839 shares for approximately £108,113.56 ($144,421.00), with insiders owning 7.42% of the company’s stock.

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 4.17 ($0.06) and traded as low as GBX 3.18 ($0.04). Quadrise shares last traded at GBX 3.27 ($0.04), with a volume of 4,406,391 shares.

Analyst Ratings Changes

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

Quadrise Stock Performance

The firm has a 50-day moving average of GBX 3.91 and a 200-day moving average of GBX 4.13. The firm has a market capitalization of £58.92 million, a P/E ratio of -16.64 and a beta of 1.83.

Insider Buying and Selling at Quadrise

In related news, insider Jason Miles sold 2,702,839 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of GBX 4 ($0.05), for a total transaction of £108,113.56 ($145,411.65). 7.42% of the stock is owned by corporate 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.