Transense Technologies (LON:TRT) Stock Passes Above 50 Day Moving Average – What’s Next?

Transense Technologies plc (LON:TRT) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 122.46 ($1.63) and traded as high as GBX 131.25 ($1.75). Transense Technologies shares last traded at GBX 129 ($1.72), with a volume of 19,780 shares.

Transense Technologies Stock Performance

The company has a debt-to-equity ratio of 7.26, a quick ratio of 2.95 and a current ratio of 5.17. The company has a market capitalization of £19.21 million, a price-to-earnings ratio of 12.42 and a beta of 0.38. The firm’s 50 day simple moving average is GBX 122.46 and its 200-day simple moving average is GBX 148.57.

Transense Technologies (LON:TRT) last released its quarterly earnings data on Tuesday, February 18th. The company reported GBX 3.61 ($0.05) earnings per share for the quarter. Transense Technologies had a net margin of 37.44% and a return on equity of 30.05%. Analysts expect that Transense Technologies plc will post 11.0073382 EPS for the current year.

Insiders Place Their Bets

In other Transense Technologies news, insider Melvyn Segal bought 3,528 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was bought at an average cost of GBX 128 ($1.70) per share, with a total value of £4,515.84 ($6,007.50). Also, insider Nigel Rogers purchased 2,500 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of GBX 122 ($1.62) per share, for a total transaction of £3,050 ($4,057.47). Insiders have bought a total of 12,658 shares of company stock valued at $1,623,794 in the last three months. Insiders own 14.82% of the company’s stock.

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.