Transense Technologies (LON:TRT) Hits New 12-Month Low – Here’s Why

Transense Technologies plc (LON:TRT)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 44 and last traded at GBX 44.47, with a volume of 160178 shares trading hands. The stock had previously closed at GBX 44.50.

Transense Technologies Trading Down 1.1%

The company’s 50 day simple moving average is GBX 47.36 and its two-hundred day simple moving average is GBX 55.82. The company has a quick ratio of 2.95, a current ratio of 4.43 and a debt-to-equity ratio of 10.90. The company has a market capitalization of £6.70 million, a price-to-earnings ratio of 8.09 and a beta of 0.38.

Insider Activity at Transense Technologies

In other Transense Technologies news, insider Ryan Maughan acquired 16,654 shares of the stock in a transaction dated Monday, June 22nd. The stock was purchased at an average price of GBX 48 per share, with a total value of £7,993.92. Corporate insiders own 46.38% 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.