Sondrel (LON:SND) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Sondrel (Holdings) plc (LON:SND) 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 changing hands.

Sondrel Trading Up 22.2 %

The company has a quick ratio of 0.81, a current ratio of 0.20 and a debt-to-equity ratio of 7.56. The company has a market capitalization of £2.37 million and a P/E ratio of -5.50. The firm’s 50-day moving average price is GBX 1.38 and its 200 day moving average price is GBX 3.29.

About Sondrel

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.