Quadrise Fuels International (LON:QFI) Stock Passes Above Fifty Day Moving Average of $4.23

Quadrise Fuels International Plc (LON:QFI)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.23 and traded as high as $7.20. Quadrise Fuels International shares last traded at $7.04, with a volume of 1,163,584 shares.

Several research firms have recently issued reports on QFI. Peel Hunt reaffirmed an “under review” rating on shares of Quadrise Fuels International in a research report on Wednesday, March 6th. Stockdale Securities reissued a “buy” rating on shares of Quadrise Fuels International in a research report on Friday, March 29th.

The stock has a market capitalization of $61.82 million and a PE ratio of -22.33. The company’s 50-day moving average price is GBX 4.38.

Quadrise Fuels International Company Profile (LON:QFI)

Quadrise Fuels International plc, together with its subsidiaries, manufactures and markets emulsion fuel for use in power generation, industrial and marine diesel engines, and steam generation applications in the United Kingdom. It produces oil-in-water emulsion-based asphalts and fuels through its Multiphase Superfine Atomised Residue technology as a substitute for conventional heavy fuel oil.

Further Reading: Cash Asset Ratio

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