Seeing Machines (LON:SEE) Trading 18.6% Higher – Here’s Why

Seeing Machines Limited (LON:SEE) shares were up 18.6% during trading on Wednesday . The stock traded as high as GBX 2.74 ($0.04) and last traded at GBX 2.74 ($0.04). Approximately 16,603,303 shares changed hands during trading, an increase of 36% from the average daily volume of 12,165,811 shares. The stock had previously closed at GBX 2.31 ($0.03).

Seeing Machines Trading Down 0.4%

The stock has a fifty day simple moving average of GBX 2.20 and a 200 day simple moving average of GBX 3.02. The company has a debt-to-equity ratio of 137.68, a quick ratio of 3.50 and a current ratio of 1.89. The firm has a market cap of £158.52 million, a P/E ratio of -4.31 and a beta of 1.15.

Insider Activity

In related news, insider Stephane Vedie purchased 619,500 shares of Seeing Machines stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of GBX 2 ($0.03) per share, for a total transaction of £12,390 ($16,684.62). Corporate insiders own 13.37% of the company’s stock.

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.