Seeing Machines (LON:SEE) Stock Passes Below 200 Day Moving Average – Time to Sell?

Shares of Seeing Machines Limited (LON:SEE) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 3.17 ($0.04) and traded as low as GBX 2.42 ($0.03). Seeing Machines shares last traded at GBX 2.54 ($0.03), with a volume of 2,844,793 shares traded.

Seeing Machines Trading Up 5.9%

The company has a debt-to-equity ratio of 137.68, a quick ratio of 3.50 and a current ratio of 1.89. The firm has a market capitalization of £167.23 million, a price-to-earnings ratio of -4.54 and a beta of 1.15. The company has a 50 day moving average price of GBX 2.07 and a two-hundred day moving average price of GBX 3.17.

Insider Transactions at Seeing Machines

In other news, insider Stephane Vedie purchased 619,500 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of GBX 2 ($0.03) per share, for a total transaction of £12,390 ($16,593.01). Corporate insiders own 13.37% of the company’s stock.

About Seeing Machines

Seeing Machines exists to enhance safety. With the world’s most advanced human data-driven technology, Seeing Machines is dramatically reducing fatal accidents every day; and making progress to our end goal of zero fatalities.
A focus on ‘mission critical’ applications, we design, manufacture and sell state-of-the-art software, hardware and systems that are currently used, trusted and incorporated across multiple global industries, by some of the world’s most recognisable brands.