Seeing Machines (LON:SEE) Trading Down 19.7% – Time to Sell?

Seeing Machines Limited (LON:SEE)’s share price was down 19.7% during mid-day trading on Thursday . The stock traded as low as GBX 2.81 ($0.04) and last traded at GBX 3.05 ($0.04). Approximately 42,619,793 shares changed hands during trading, an increase of 715% from the average daily volume of 5,230,249 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Trading Down 4.0 %

The company has a market capitalization of £180.28 million, a price-to-earnings ratio of -4.90 and a beta of 1.15. The business’s 50 day simple moving average is GBX 4.06 and its 200 day simple moving average is GBX 4.28. The company has a debt-to-equity ratio of 137.68, a current ratio of 1.89 and a quick ratio of 3.50.

Insider Activity at Seeing Machines

In other Seeing Machines news, insider Michael Brown sold 159,652,752 shares of the business’s stock in a transaction that occurred 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 ($10,038,528.17). Also, insider Kate Hill bought 200,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost of GBX 5 ($0.06) per share, with a total value of £10,000 ($12,575.45). 13.37% of the stock is currently owned by insiders.

About Seeing Machines

Seeing Machines exists to enhance safety. With the world’s most advanced human data-driven technology, Seeing Machines is dramatically reducing fatal accidents every day; and making progress to our end goal of zero fatalities.
A focus on ‘mission critical’ applications, we design, manufacture and sell state-of-the-art software, hardware and systems that are currently used, trusted and incorporated across multiple global industries, by some of the world’s most recognisable brands.