SRT Marine Systems (LON:SRT) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

SRT Marine Systems plc (LON:SRT)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 82.03 and traded as low as GBX 73. SRT Marine Systems shares last traded at GBX 74.86, with a volume of 140,963 shares trading hands.

SRT Marine Systems Price Performance

The stock has a market capitalization of £196.57 million, a price-to-earnings ratio of 72.00 and a beta of 0.48. The company has a debt-to-equity ratio of 64.06, a quick ratio of 1.01 and a current ratio of 1.28. The company has a 50 day moving average of GBX 79.14 and a 200 day moving average of GBX 81.96.

Insider Transactions at SRT Marine Systems

In related news, insider Oliver Plunkett purchased 190,456 shares of SRT Marine Systems stock in a transaction on Monday, July 27th. The shares were bought at an average price of GBX 78 per share, with a total value of £148,555.68. 17.55% of the stock is owned by corporate insiders.

SRT Marine Systems Company Profile

SRT Marine Systems plc, together with its subsidiaries, develops and supplies automatic identification system (AIS) based maritime domain awareness technologies, products, and systems. The company offers systems, such as DAS-Digital ATON, a system that enhance port and waterway traffic control and navigation safety; NAIS-National Vessel Tracking System, a vessel identification and tracking system solution; MDM-Coastguard, a maritime domain surveillance system; VMS-Fisheries, a system for monitoring, managing, and controlling fishing vessels; and VTS-Ports and Waterways, a monitoring, managing, and controlling system for maritime infrastructure, ports, and waterways.