Nanophase Technologies (OTCMKTS:NANX) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Nanophase Technologies Co. (OTCMKTS:NANX) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.26 and traded as high as $2.36. Nanophase Technologies shares last traded at $2.26, with a volume of 3,731 shares traded.

Nanophase Technologies Trading Up 8.1 %

The business has a fifty day simple moving average of $2.29 and a two-hundred day simple moving average of $1.80. The company has a market cap of $170.75 million, a PE ratio of 122.21 and a beta of 1.21.

Nanophase Technologies (OTCMKTS:NANX) last posted its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter. Nanophase Technologies had a return on equity of 31.49% and a net margin of 5.59%. The business had revenue of $16.87 million during the quarter.

About Nanophase Technologies

Nanophase Technologies Corporation, a science-driven company, develops, manufactures, and sells integrated family of nanomaterial technologies in the United States. It engages in engineered materials, formulation development, and commercial manufacturing. The company produces engineered nanomaterial products comprising antimony, bismuth, cerium, iron, and zinc oxide for use in a various markets, including surface finishing,exterior coatings, personal care, plastics, scratch resistant coatings, and textiles.