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

Transense Technologies plc (LON:TRT) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 47 and last traded at GBX 47.12, with a volume of 59010 shares traded. The stock had previously closed at GBX 47.50.

Transense Technologies Trading Down 0.8%

The company’s fifty day moving average is GBX 50.48 and its 200-day moving average is GBX 61.20. The company has a market capitalization of £7.17 million, a PE ratio of 8.66 and a beta of 0.38. The company has a debt-to-equity ratio of 10.90, a current ratio of 4.43 and a quick ratio of 2.95.

Insider Buying and Selling at Transense Technologies

In related news, insider Ryan Maughan acquired 16,654 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of GBX 48 per share, for a total transaction of £7,993.92. 46.38% of the stock is owned by company insiders.

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.