Seeing Machines (LON:SEE) Shares Down 7.6% – Here’s Why

Seeing Machines Limited (LON:SEE) shares dropped 7.6% on Tuesday . The company traded as low as GBX 1.78 ($0.02) and last traded at GBX 1.94 ($0.02). Approximately 37,310,637 shares traded hands during mid-day trading, an increase of 341% from the average daily volume of 8,465,090 shares. The stock had previously closed at GBX 2.10 ($0.03).

Seeing Machines Stock Down 2.1 %

The stock has a market capitalization of £118.12 million, a PE ratio of -3.21 and a beta of 1.15. The firm has a 50 day moving average of GBX 3.06 and a two-hundred day moving average of GBX 3.78. The company has a current ratio of 1.89, a quick ratio of 3.50 and a debt-to-equity ratio of 137.68.

Insiders Place Their Bets

In related news, insider Stephane Vedie purchased 1,170,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was bought at an average price of GBX 4 ($0.05) per share, with a total value of £46,800 ($59,572.30). 13.37% of the stock is currently owned by company insiders.

Seeing Machines Company Profile

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.