Transense Technologies (LON:TRT) Stock Jumps 2.8% – Here’s Why

Transense Technologies plc (LON:TRT) was up 2.8% on Thursday. The company traded as high as GBX 40 and last traded at GBX 40. 59,618 shares were traded during mid-day trading, an increase of 10% from the average session volume of 54,367 shares. The stock had previously closed at GBX 38.90.

Transense Technologies Price Performance

The company has a debt-to-equity ratio of 17.42, a current ratio of 3.53 and a quick ratio of 2.95. The company’s 50-day simple moving average is GBX 42.76 and its 200-day simple moving average is GBX 55.01. The company has a market cap of £6.09 million, a price-to-earnings ratio of -57.97 and a beta of 0.38.

Transense Technologies (LON:TRT) last posted its quarterly earnings data on Wednesday, September 23rd. The company reported GBX (0.69) earnings per share (EPS) for the quarter. Transense Technologies had a negative net margin of 2.27% and a negative return on equity of 1.47%. On average, equities research analysts anticipate that Transense Technologies plc will post 11.01 EPS for the current year.

Insiders Place Their Bets

In other news, insider Ryan Maughan purchased 23,002 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was acquired at an average cost of GBX 43 per share, with a total value of £9,890.86. Insiders own 46.53% of the company’s stock.

Transense Technologies Company Profile

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.