Transense Technologies (LON:TRT) Sets New 1-Year Low – Should You Sell?

Transense Technologies plc (LON:TRT) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 55 and last traded at GBX 56.70, with a volume of 14466 shares trading hands. The stock had previously closed at GBX 56.

Transense Technologies Price Performance

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 £8.64 million, a P/E ratio of 10.43 and a beta of 0.38. The company’s 50-day simple moving average is GBX 60.09 and its 200 day simple moving average is GBX 83.23.

Insider Activity

In other Transense Technologies news, insider Nigel Rogers acquired 12,500 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average cost of GBX 58 per share, for a total transaction of £7,250. Insiders own 46.27% 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.