Seeing Machines (LON:SEE) Shares Down 5.5% – Here’s Why

Seeing Machines Limited (LON:SEE) dropped 5.5% during mid-day trading on Tuesday . The stock traded as low as GBX 4.10 ($0.05) and last traded at GBX 4.39 ($0.05). Approximately 13,133,199 shares traded hands during trading, an increase of 55% from the average daily volume of 8,467,205 shares. The stock had previously closed at GBX 4.65 ($0.06).

Seeing Machines Trading Down 5.5 %

The firm has a market capitalization of £182.62 million, a PE ratio of -439.00 and a beta of 1.15. The firm’s 50-day simple moving average is GBX 3.84 and its 200-day simple moving average is GBX 4.46. The company has a quick ratio of 3.50, a current ratio of 2.72 and a debt-to-equity ratio of 100.98.

Insider Buying and Selling at Seeing Machines

In other Seeing Machines news, insider Kate Hill purchased 200,000 shares of the stock in a transaction on Monday, December 30th. The stock was acquired at an average price of GBX 5 ($0.06) per share, with a total value of £10,000 ($12,475.05). Also, insider Michael Brown sold 159,652,752 shares of Seeing Machines stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of GBX 5 ($0.06), for a total value of £7,982,637.60 ($9,958,380.24). Corporate insiders own 13.37% of the company’s stock.

About Seeing Machines

Seeing Machines Limited, together with its subsidiaries, provides driver and occupant monitoring system technologies in Australia, North America, the Asia Pacific, Europe, and internationally. It operates through two segments: Original Equipment Manufacturer (OEM) and Aftermarket. The company offers operator monitoring and intervention sensing technologies and services for the automotive, mining, transport, and aviation industries.