Sondrel (LON:SND) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Sondrel (Holdings) plc (LON:SND)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3.29 ($0.04) and traded as low as GBX 1 ($0.01). Sondrel shares last traded at GBX 1.38 ($0.02), with a volume of 7,374,791 shares traded.

Sondrel Stock Up 22.2 %

The firm has a market cap of £2.37 million and a price-to-earnings ratio of -5.50. The company has a current ratio of 0.20, a quick ratio of 0.81 and a debt-to-equity ratio of 7.56. The firm has a 50 day moving average price of GBX 1.38 and a 200-day moving average price of GBX 3.28.

Sondrel Company Profile

Sondrel (Holdings) plc engages in fabless semiconductor business. It provides turnkey services in the design and delivery of application specific integrated circuits and system on chips for technology brands. Its products are used in mobile phones, cameras, security systems, AR/VR systems, and other applications.