Transense Technologies (LON:TRT) Reaches New 52-Week Low – What’s Next?

Transense Technologies plc (LON:TRT)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as GBX 45 and last traded at GBX 46, with a volume of 2475 shares. The stock had previously closed at GBX 45.50.

Transense Technologies Stock Up 1.1%

The firm’s fifty day simple moving average is GBX 48.03 and its two-hundred day simple moving average is GBX 57.32. The company has a current ratio of 4.43, a quick ratio of 2.95 and a debt-to-equity ratio of 10.90. The company has a market capitalization of £7.00 million, a price-to-earnings ratio of 8.46 and a beta of 0.38.

Insider Buying and Selling

In other news, insider Ryan Maughan bought 16,654 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was bought at an average cost of GBX 48 per share, with a total value 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.