Transense Technologies (LON:TRT) Sets New 52-Week Low – Here’s Why

Shares of Transense Technologies plc (LON:TRT) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 47 and last traded at GBX 47.12, with a volume of 59010 shares trading hands. The stock had previously closed at GBX 47.50.

Transense Technologies Stock Down 0.8%

The company has a debt-to-equity ratio of 10.90, a current ratio of 4.43 and a quick ratio of 2.95. The firm has a 50-day simple moving average of GBX 50.04 and a two-hundred day simple moving average of GBX 60.59. The company has a market cap of £7.17 million, a PE ratio of 8.66 and a beta of 0.38.

Insider Activity

In other news, insider Ryan Maughan purchased 16,654 shares of the stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of GBX 48 per share, for a total transaction of £7,993.92. 46.38% of the stock is owned by corporate insiders.

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.