Transense Technologies (LON:TRT) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Transense Technologies plc (LON:TRT)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 135.23 ($1.80) and traded as low as GBX 112.50 ($1.50). Transense Technologies shares last traded at GBX 115 ($1.53), with a volume of 566 shares traded.

Transense Technologies Stock Up 2.2%

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 firm has a market cap of £17.50 million, a price-to-earnings ratio of 12.74 and a beta of 0.38. The business’s 50-day moving average is GBX 122.41 and its 200-day moving average is GBX 135.23.

Transense Technologies (LON:TRT) last posted its quarterly earnings data on Tuesday, September 23rd. The company reported GBX 9.25 earnings per share (EPS) for the quarter. Transense Technologies had a net margin of 37.44% and a return on equity of 30.05%. On average, equities analysts predict that Transense Technologies plc will post 11.0073382 EPS for the current year.

About Transense Technologies

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.