Symphony Environmental Technologies (LON:SYM) Shares Up 13.1% – Time to Buy?

Symphony Environmental Technologies plc (LON:SYMGet Free Report)’s share price shot up 13.1% during mid-day trading on Wednesday . The stock traded as high as GBX 9.05 and last traded at GBX 9.05. 295,114 shares were traded during trading, an increase of 179% from the average session volume of 105,831 shares. The stock had previously closed at GBX 8.

Symphony Environmental Technologies Stock Performance

The business’s 50-day moving average price is GBX 7.37 and its two-hundred day moving average price is GBX 7.73. The company has a debt-to-equity ratio of 232.89, a current ratio of 1.07 and a quick ratio of 1.01. The firm has a market cap of £21.27 million, a price-to-earnings ratio of -15.52 and a beta of 0.81.

Symphony Environmental Technologies Company Profile

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Symphony Environmental is a world leader in the development of plastic additives and masterbatches to enhance plastic products.

Our leading brands are d2w biodegradable plastic technology, developed to make ordinary plastic self-destruct and become biodegradable in the same way as nature’s wastes, if it should escape collection and end up as litter. Much faster than ordinary plastic so that it does not cause long term harm in the environment.

Our protective technologies provide cost-effective protection to products and surfaces in applications as diverse as food packaging and processing to flame retardants, insecticides and pest control.

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