Transense Technologies (LON:TRT) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Transense Technologies plc (LON:TRT) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 74.92 and traded as low as GBX 48.50. Transense Technologies shares last traded at GBX 48.65, with a volume of 1,000 shares trading hands.

Transense Technologies Price Performance

The company has a current ratio of 4.43, a quick ratio of 2.95 and a debt-to-equity ratio of 10.90. The firm has a market cap of £7.40 million, a P/E ratio of 8.94 and a beta of 0.38. The firm has a 50-day simple moving average of GBX 56.12 and a 200-day simple moving average of GBX 74.92.

Insider Transactions at Transense Technologies

In related news, insider Nigel Rogers bought 12,500 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was bought at an average cost of GBX 58 per share, for a total transaction of £7,250. Also, insider Ryan Maughan acquired 16,654 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were bought at an average cost of GBX 48 per share, for a total transaction of £7,993.92. Company insiders own 46.38% of the company’s stock.

About Transense Technologies

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring. Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability and efficiency; iTrack, Transense’s Tyre Pressure Monitoring System, recently licensed to Bridgestone Corporation, the world’s largest tyre producer, under a ten-year deal; and a range of intelligent tyre monitoring equipment under the Translogik brand.