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 Wednesday . The stock traded as low as GBX 55 and last traded at GBX 56.70, with a volume of 14466 shares changing hands. The stock had previously closed at GBX 56.

Transense Technologies Stock Performance

The stock’s 50 day moving average price is GBX 60.39 and its 200 day moving average price is GBX 84.08. The company has a current ratio of 4.43, a quick ratio of 2.95 and a debt-to-equity ratio of 14.22. The company has a market capitalization of £8.63 million, a price-to-earnings ratio of 10.42 and a beta of 0.38.

Insider Activity

In related news, insider Nigel Rogers acquired 12,500 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were bought at an average price of GBX 58 per share, for a total transaction of £7,250. 46.27% of the stock is currently owned by corporate insiders.

Transense Technologies Company Profile

(Get Free Report)

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.

Further Reading

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