Seeing Machines (LON:SEE) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Seeing Machines Limited (LON:SEE) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 4.31 ($0.05) and traded as low as GBX 3.71 ($0.05). Seeing Machines shares last traded at GBX 3.80 ($0.05), with a volume of 3,688,263 shares.

Seeing Machines Trading Down 12.7 %

The company has a 50 day simple moving average of GBX 4.16 and a 200 day simple moving average of GBX 4.31. 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 company has a market capitalization of £206.33 million, a PE ratio of -5.60 and a beta of 1.15.

Insiders Place Their Bets

In related news, insider Stephane Vedie purchased 1,170,000 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of GBX 4 ($0.05) per share, for a total transaction of £46,800 ($59,315.59). Also, insider Michael Brown sold 159,652,752 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of GBX 5 ($0.06), for a total value of £7,982,637.60 ($10,117,411.41). 13.37% of the stock is 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.