Transense Technologies (LON:TRT) Reaches New 1-Year Low – What’s Next?

Transense Technologies plc (LON:TRT) hit a new 52-week low on Thursday . The stock traded as low as GBX 47 and last traded at GBX 49, with a volume of 14184 shares trading hands. The stock had previously closed at GBX 48.24.

Transense Technologies Stock Performance

The business has a 50 day moving average of GBX 58.97 and a 200-day moving average of GBX 81.37. The company has a market capitalization of £7.46 million, a P/E ratio of 9.01 and a beta of 0.38. The company has a debt-to-equity ratio of 10.90, a quick ratio of 2.95 and a current ratio of 4.43.

Insider Activity

In related news, insider Ryan Maughan purchased 16,654 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were purchased at an average cost of GBX 48 per share, for a total transaction of £7,993.92. Also, insider Nigel Rogers purchased 12,500 shares of the stock in a transaction dated Monday, April 27th. The stock was purchased at an average cost of GBX 58 per share, for a total transaction of £7,250. Corporate insiders own 46.27% of the company’s stock.

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.