Symphony Environmental Technologies (LON:SYM) Stock Price Down 11% – Time to Sell?

Shares of Symphony Environmental Technologies plc (LON:SYM) fell 11% during trading on Friday . The stock traded as low as GBX 6 and last traded at GBX 6.23. 490,922 shares were traded during mid-day trading, an increase of 835% from the average session volume of 52,515 shares. The stock had previously closed at GBX 7.

Symphony Environmental Technologies Trading Down 11.0%

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 business’s 50-day moving average is GBX 8.26 and its 200 day moving average is GBX 8.39. The firm has a market capitalization of £14.73 million, a P/E ratio of -10.74 and a beta of 0.58.

About Symphony Environmental Technologies

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.