Seeing Machines (LON:SEE) Shares Down 10.8% – Here’s Why

Seeing Machines Limited (LON:SEE)’s share price dropped 10.8% on Wednesday . The company traded as low as GBX 1.65 ($0.02) and last traded at GBX 1.65 ($0.02). Approximately 21,653,439 shares were traded during trading, an increase of 139% from the average daily volume of 9,052,814 shares. The stock had previously closed at GBX 1.85 ($0.02).

Seeing Machines Stock Up 0.6 %

The company has a quick ratio of 3.50, a current ratio of 1.89 and a debt-to-equity ratio of 137.68. The stock has a market capitalization of £112.52 million, a P/E ratio of -3.06 and a beta of 1.15. The company has a fifty day moving average price of GBX 2.80 and a 200-day moving average price of GBX 3.66.

Insider Buying and Selling at Seeing Machines

In other Seeing Machines news, insider Stephane Vedie acquired 1,170,000 shares of the stock in a transaction on Monday, January 13th. The stock was acquired at an average price of GBX 4 ($0.05) per share, for a total transaction of £46,800 ($61,256.54). 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.