NIOX Group (LON:NIOX) Stock Price Down 0.9% – Here’s Why

NIOX Group Plc (LON:NIOX) shares were down 0.9% during mid-day trading on Friday . The stock traded as low as GBX 63.20 ($0.80) and last traded at GBX 63.60 ($0.80). Approximately 65,649 shares traded hands during trading, a decline of 93% from the average daily volume of 985,164 shares. The stock had previously closed at GBX 64.20 ($0.81).

NIOX Group Trading Down 0.9 %

The firm’s 50 day simple moving average is GBX 65.59 and its 200-day simple moving average is GBX 67.17. The company has a quick ratio of 1.94, a current ratio of 6.32 and a debt-to-equity ratio of 1.10. The company has a market capitalization of £269.75 million, a PE ratio of 3,180.00 and a beta of 0.92.

Insider Activity

In related news, insider Garry Watts sold 27,109 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of GBX 80 ($1.01), for a total transaction of £21,687.20 ($27,331.06). 46.72% of the stock is currently owned by company insiders.

About NIOX Group

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.