Transense Technologies (LON:TRT) Sets New 52-Week Low – Time to Sell?

Transense Technologies plc (LON:TRTGet Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 40.50 and last traded at GBX 42, with a volume of 159569 shares. The stock had previously closed at GBX 43.50.

Transense Technologies Stock Down 3.4%

The company’s 50-day simple moving average is GBX 47.16 and its two-hundred day simple moving average is GBX 55.45. The firm has a market capitalization of £6.39 million, a P/E ratio of 7.72 and a beta of 0.38. The company has a debt-to-equity ratio of 10.90, a current ratio of 4.43 and a quick ratio of 2.95.

About Transense Technologies

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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.

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