Transense Technologies (LON:TRT) Shares Down 34.7% – What’s Next?

Transense Technologies plc (LON:TRT) traded down 34.7% on Friday . The company traded as low as GBX 70 and last traded at GBX 73.46. 124,076 shares changed hands during trading, an increase of 381% from the average session volume of 25,810 shares. The stock had previously closed at GBX 112.50.

Transense Technologies Stock Performance

The company has a current ratio of 5.17, a quick ratio of 2.95 and a debt-to-equity ratio of 7.26. The firm has a market capitalization of £11.11 million, a price-to-earnings ratio of 8.08 and a beta of 0.38. The stock has a fifty day moving average price of GBX 126.77 and a 200-day moving average price of GBX 126.36.

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.