AMTE Power (LON:AMTE) Stock Price Down 7.9% – Time to Sell?

AMTE Power plc (LON:AMTE)’s stock price dropped 7.9% during trading on Tuesday . The stock traded as low as GBX 0.85 ($0.01) and last traded at GBX 0.88 ($0.01). Approximately 11,579,817 shares traded hands during mid-day trading, an increase of 131% from the average daily volume of 5,002,373 shares. The stock had previously closed at GBX 0.95 ($0.01).

AMTE Power Price Performance

The company has a debt-to-equity ratio of 72.91, a quick ratio of 1.56 and a current ratio of 1.08. The stock has a market capitalization of £2.15 million, a PE ratio of -4.61 and a beta of 1.55. The business’s 50-day moving average price is GBX 0.88 and its 200 day moving average price is GBX 0.88.

AMTE Power Company Profile

AMTE Power plc, together with its subsidiaries, develops and manufactures lithium-ion battery cells for specialist markets primarily in the United Kingdom. The company's products include Ultra High Power, a battery cell to automotive sectors of high-performance electric vehicles, hybrid vehicles, and fuel cell electric vehicles; Ultra Prime, a non-rechargeable cell designed for use for the for applications where temperature, access and depth are key considerations; Ultra Safe, a sodium-ion cell battery energy storage for renewable power, including for residential use and in remote locations without grid access; and Ultra Energy, which is available in cylindrical cell format for the energy needs of the market.