Quadrise (LON:QED) Stock Price Down 10.3% - Should You Sell?

Key Points

• Shares of Quadrise Plc (LON:QED) fell by 10.3%, trading at GBX 3.41 ($0.05), with volume significantly down, reaching only 476,252 shares compared to the average of 6,499,896.
• Despite the drop, Shore Capital reaffirmed its "house stock" rating on Quadrise, indicating potential growth forecasts for the company.
• In a recent insider transaction, Jason Miles sold 2.7 million shares at an average price of GBX 4, representing over 7% of the company's stock currently held by insiders.

Quadrise Plc (LON:QED - Get Free Report) shares traded down 10.3% on Wednesday . The company traded as low as GBX 3.41 ($0.05) and last traded at GBX 3.41 ($0.05). 476,252 shares changed hands during mid-day trading, a decline of 93% from the average session volume of 6,499,896 shares. The stock had previously closed at GBX 3.80 ($0.05).

Analysts Set New Price Targets

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

Quadrise Price Performance

The stock's fifty day moving average is GBX 4.03 and its 200-day moving average is GBX 4.22. The stock has a market capitalization of £66.17 million, a P/E ratio of -18.68 and a beta of 1.83.

Insider Buying and Selling

In other news, insider Jason Miles sold 2,702,839 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of GBX 4 ($0.05), for a total transaction of £108,113.56 ($143,500.88). 7.42% of the stock is currently owned by corporate insiders.

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.