NIOX Group (LON:NIOX) Shares Up 21.1% – Here’s Why

NIOX Group Plc (LON:NIOXGet Free Report) shares were up 21.1% during mid-day trading on Thursday . The stock traded as high as GBX 76.80 ($1.00) and last traded at GBX 73.60 ($0.96). Approximately 4,285,667 shares changed hands during mid-day trading, an increase of 457% from the average daily volume of 769,364 shares. The stock had previously closed at GBX 60.80 ($0.79).

NIOX Group Trading Up 22.2 %

The firm’s 50 day simple moving average is GBX 61.61 and its two-hundred day simple moving average is GBX 63.45. The company has a quick ratio of 1.94, a current ratio of 6.31 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of £30.51 billion, a P/E ratio of 3,065.74 and a beta of 0.92.

NIOX Group Company Profile

(Get Free Report)

NIOX Group Plc engages in the design, development, and commercialization of medical devices for the measurement of fractional exhaled nitric oxide (FeNo) worldwide. Its products include NIOX VERO, a non-invasive and point-of-care system that comprises a small portable device and a range of consumables, including sensors, individual disposable mouthpieces, and breathing handles for the measurement of FeNo level in patients.

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