Seeing Machines (LON:SEE) Shares Down 5.5% – What’s Next?

Seeing Machines Limited (LON:SEE) dropped 5.5% on Wednesday . The company traded as low as GBX 4.10 ($0.05) and last traded at GBX 4.39 ($0.05). Approximately 13,133,199 shares changed hands during mid-day 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 Price Performance

The company has a quick ratio of 3.50, a current ratio of 2.72 and a debt-to-equity ratio of 100.98. The stock’s 50 day moving average price is GBX 3.84 and its two-hundred day moving average price is GBX 4.46. The firm has a market capitalization of £178.88 million, a price-to-earnings ratio of -430.00 and a beta of 1.15.

Insiders Place Their Bets

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

Seeing Machines Company Profile

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.