Nanophase Technologies (OTCMKTS:NANX) Shares Pass Above Fifty Day Moving Average of $0.39

Nanophase Technologies Co. (OTCMKTS:NANX) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.39 and traded as high as $0.33. Nanophase Technologies shares last traded at $0.33, with a volume of 3,290 shares.

Separately, ValuEngine raised shares of Nanophase Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

The company has a quick ratio of 0.73, a current ratio of 1.23 and a debt-to-equity ratio of 1.44. The company’s 50 day simple moving average is $0.39 and its 200 day simple moving average is $0.49.

Nanophase Technologies (OTCMKTS:NANX) last issued its earnings results on Wednesday, August 14th. The industrial products company reported ($0.02) EPS for the quarter. Nanophase Technologies had a negative net margin of 16.90% and a negative return on equity of 142.04%. The firm had revenue of $3.29 million during the quarter.

About Nanophase Technologies (OTCMKTS:NANX)

Nanophase Technologies Corporation develops and manufactures advanced materials and applications with an integrated nanomaterial and related technologies. It produces engineered nano and non-nano materials for use in various markets, which comprise personal care consisting of sunscreens as active ingredients and in formulated cosmetics; and architectural coatings, industrial coating applications, abrasion-resistant additives, plastics additives, medical diagnostics, and energy, as well as various surface finishing technology applications, such as optics.

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