Fri Sep 20 08:44:54 UTC 2024: ## HeiQ Stock Plunges 7.5% Amidst Insider Purchase

**London, UK – September 20, 2024** – HeiQ Plc (LON:HEIQ) experienced a significant drop in share price on Wednesday, closing down 7.5% at GBX 5.14 ($0.07). Trading volume for the day was 313,988 shares, slightly higher than the average session volume.

The company, which specializes in antimicrobial fabrics and textile technologies, saw a notable insider purchase on September 13th. Carlo Riccardo Centonze, an insider at HeiQ, acquired 500,000 shares at an average cost of GBX 5 ($0.07) per share, totaling £25,000 ($33,025.10). Currently, insiders own 44.22% of the company’s stock.

Despite the insider purchase, HeiQ’s stock performance has been weak, reflected in its P/E ratio of -88.57. The company’s debt-to-equity ratio sits at 66.87, while its quick ratio is 1.91 and current ratio is 1.24.

The stock’s 50-day moving average is GBX 9.65, while the 200-day moving average stands at GBX 10.21, further indicating the stock’s recent decline.

HeiQ operates across various markets including Europe, North and South America, Asia, and internationally. The company offers a range of functional textile technologies and patented probiotic technology for various applications.

**Investors are encouraged to monitor HeiQ’s performance closely for potential future developments and market trends.**

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