Seeing Machines (LON:SEE) Stock Price Down 5.5% – Here’s Why

Seeing Machines Limited (LON:SEE) shares dropped 5.5% during mid-day trading on Tuesday . The company traded as low as GBX 4.10 ($0.05) and last traded at GBX 4.39 ($0.05). Approximately 13,133,199 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 8,467,205 shares. The stock had previously closed at GBX 4.65 ($0.06).

Seeing Machines Stock Performance

The firm has a fifty day moving average price of GBX 3.84 and a 200 day moving average price of GBX 4.46. The company has a current ratio of 2.72, a quick ratio of 3.50 and a debt-to-equity ratio of 100.98. The firm has a market cap of £166.40 million, a PE ratio of -400.00 and a beta of 1.15.

Insiders Place Their Bets

In other Seeing Machines news, insider Michael Brown sold 159,652,752 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of GBX 5 ($0.06), for a total transaction of £7,982,637.60 ($9,867,289.99). Also, insider Kate Hill purchased 200,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was acquired at an average cost of GBX 5 ($0.06) per share, for a total transaction of £10,000 ($12,360.94). 13.37% of the stock is owned by insiders.

About Seeing Machines

Seeing Machines Limited, together with its subsidiaries, provides driver and occupant monitoring system technologies in Australia, North America, the Asia Pacific, Europe, and internationally. It operates through two segments: Original Equipment Manufacturer (OEM) and Aftermarket. The company offers operator monitoring and intervention sensing technologies and services for the automotive, mining, transport, and aviation industries.