Quadrise (LON:QED) Trading Down 14.6% - Should You Sell?

Key Points

• Quadrise Plc's share price dropped by 14.6% during mid-day trading, hitting a low of GBX 2.73 ($0.04), and last trading at GBX 3.05 ($0.04).
• Despite the decline, Shore Capital has maintained a "house stock" rating on Quadrise's shares.
• Insider Jason Miles sold over 1 million shares at an average price of GBX 4 prior to the recent downturn.

Quadrise Plc (LON:QED - Get Free Report)'s share price was down 14.6% during mid-day trading on Friday . The company traded as low as GBX 2.73 ($0.04) and last traded at GBX 3.05 ($0.04). Approximately 4,996,458 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 6,346,042 shares. The stock had previously closed at GBX 3.57 ($0.05).

Analyst Upgrades and Downgrades

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

Quadrise Price Performance

The firm has a market capitalization of £58.92 million, a P/E ratio of -16.64 and a beta of 1.83. The company's 50 day moving average price is GBX 3.94 and its 200 day moving average price is GBX 4.15.

Insider Activity at Quadrise

In other news, insider Jason Miles sold 1,013,049 shares of the company's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of GBX 4 ($0.05), for a total transaction of £40,521.96 ($54,494.30). Company insiders own 7.42% 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.

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