AMTE Power (LON:AMTE) Shares Down 7.9% – Here’s Why

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

AMTE Power Stock Performance

The company has a 50-day simple moving average of GBX 0.88 and a 200-day simple moving average of GBX 0.88. 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 cap of £2.16 million, a P/E ratio of -4.61 and a beta of 1.55.

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.