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

Transense Technologies plc (LON:TRT) hit a new 52-week low on Thursday . The stock traded as low as GBX 56 and last traded at GBX 59, with a volume of 226565 shares changing hands. The stock had previously closed at GBX 60.25.

Transense Technologies Stock Down 2.1%

The firm has a market capitalization of £8.98 million, a PE ratio of 10.85 and a beta of 0.38. The stock has a 50-day simple moving average of GBX 65.69 and a 200-day simple moving average of GBX 99.10. The company has a quick ratio of 2.95, a current ratio of 4.43 and a debt-to-equity ratio of 14.22.

Transense Technologies (LON:TRT) last issued its quarterly earnings results on Tuesday, February 17th. The company reported GBX 0.02 EPS for the quarter. Transense Technologies had a return on equity of 12.05% and a net margin of 16.10%. Analysts forecast that Transense Technologies plc will post 11.0073382 EPS for the current year.

Insiders Place Their Bets

In other Transense Technologies news, insider Ryan Maughan bought 14,113 shares of the business’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of GBX 71 per share, for a total transaction of £10,020.23. 46.07% of the stock is owned by corporate insiders.

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.