Microsaic Systems (LON:MSYS) Trading 11.7% Higher – Here’s What Happened

Shares of Microsaic Systems plc (LON:MSYS) rose 11.7% during trading on Monday . The stock traded as high as GBX 0.89 ($0.01) and last traded at GBX 0.85 ($0.01). Approximately 4,976,449 shares changed hands during trading, an increase of 548% from the average daily volume of 768,206 shares. The stock had previously closed at GBX 0.76 ($0.01).

Microsaic Systems Stock Performance

The company has a current ratio of 7.01, a quick ratio of 8.97 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of £1.56 million, a P/E ratio of -3.35 and a beta of 0.32. The business’s 50 day simple moving average is GBX 0.79 and its two-hundred day simple moving average is GBX 0.99.

Microsaic Systems (LON:MSYS) last announced its quarterly earnings results on Tuesday, November 12th. The company reported GBX (0.01) ($0.00) earnings per share for the quarter. Microsaic Systems had a negative net margin of 273.87% and a negative return on equity of 91.26%.

About Microsaic Systems

Microsaic Systems plc engages in the research, development, and commercialization of miniaturised mass spectrometry (MS) instruments in the United Kingdom, Japan, the United States, Europe, China, South Korea, and internationally. It develops and markets in-field screening solution for real-time monitoring used in various markets, such as water, pharmaceuticals, chemicals, academia, and food and beverage.