Seeing Machines (LON:SEE) Stock Price Down 12% – Here’s What Happened

Seeing Machines Limited (LON:SEE)’s stock price traded down 12% on Wednesday . The stock traded as low as GBX 2.81 ($0.04) and last traded at GBX 3.35 ($0.04). 66,369,703 shares changed hands during trading, an increase of 1,040% from the average session volume of 5,823,996 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Stock Performance

The company has a current ratio of 1.89, a quick ratio of 3.50 and a debt-to-equity ratio of 137.68. The firm’s fifty day moving average price is GBX 4.16 and its 200-day moving average price is GBX 4.31. The firm has a market cap of £203.72 million, a price-to-earnings ratio of -5.53 and a beta of 1.15.

Insider Activity at Seeing Machines

In other news, insider Kate Hill purchased 200,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were bought at an average price of GBX 5 ($0.06) per share, with a total value of £10,000 ($12,674.27). Also, insider Stephane Vedie acquired 1,170,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was purchased at an average cost of GBX 4 ($0.05) per share, with a total value of £46,800 ($59,315.59). 13.37% of the stock is owned by corporate 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.