Enteq Technologies (LON:NTQ) Stock Price Down 10.1% – Here’s Why

Enteq Technologies Plc (LON:NTQ) dropped 10.1% on Friday . The stock traded as low as GBX 3.64 ($0.05) and last traded at GBX 3.64 ($0.05). Approximately 290,610 shares traded hands during trading, an increase of 188% from the average daily volume of 100,732 shares. The stock had previously closed at GBX 4.05 ($0.05).

Enteq Technologies Stock Down 10.1 %

The company has a market cap of £2.61 million, a price-to-earnings ratio of -135.00, a price-to-earnings-growth ratio of -0.28 and a beta of 0.68. The company has a debt-to-equity ratio of 2.65, a quick ratio of 4.36 and a current ratio of 2.49. The business has a 50-day simple moving average of GBX 13.59 and a 200-day simple moving average of GBX 9.71.

About Enteq Technologies

Enteq Technologies Plc, together with its subsidiaries, provides reach and recovery products and technologies to the technologies oil and gas services market in the United States, China, Europe, Central Asia, Australasia, and internationally. The company designs, manufactures, and sells specialized parts and products for directional drilling and measurement while drilling operations for use in the energy exploration and services sector of the oil and gas industry.