Quadrise (LON:QED) Shares Down 9.1% – Should You Sell?

Quadrise Plc (LON:QED – Get Free Report) fell 9.1% on Thursday. The company traded as low as GBX 0.98 and last traded at GBX 1. Approximately 5,684,491 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 4,197,193 shares. The stock had previously closed at GBX 1.10.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Quadrise in a research note on Thursday, July 30th.

Read Our Latest Analysis on QED

Quadrise Price Performance

The business’s 50 day moving average price is GBX 1.04 and its 200 day moving average price is GBX 1.76. The stock has a market capitalization of £21.67 million, a P/E ratio of -5.88 and a beta of 0.79.

About Quadrise

(Get Free Report)

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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