Transense Technologies (LON:TRT) Reaches New 1-Year Low – What’s Next?

Transense Technologies plc (LON:TRT)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 56 and last traded at GBX 56, with a volume of 20833 shares changing hands. The stock had previously closed at GBX 57.

Transense Technologies Stock Down 1.8%

The firm has a fifty day simple moving average of GBX 61.53 and a 200-day simple moving average of GBX 86.80. The firm has a market cap of £8.52 million, a price-to-earnings ratio of 10.29 and a beta of 0.38. The company has a debt-to-equity ratio of 14.22, a quick ratio of 2.95 and a current ratio of 4.43.

Insider Buying and Selling at Transense Technologies

In other Transense Technologies news, insider Nigel Rogers purchased 12,500 shares of the business’s stock in a transaction on Monday, April 27th. The stock was acquired at an average price of GBX 58 per share, with a total value of £7,250. Also, insider Ryan Maughan purchased 14,113 shares of the business’s stock in a transaction on Friday, March 13th. The shares were acquired at an average cost of GBX 71 per share, with a total value of £10,020.23. Company insiders own 46.27% of the company’s stock.

About Transense Technologies

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.