Transense Technologies (LON:TRT) Sets New 1-Year Low – Here’s Why

Transense Technologies plc (LON:TRTGet Free Report)’s share price hit a new 52-week low on Tuesday . The stock traded as low as GBX 46.15 and last traded at GBX 46.15, with a volume of 25573 shares. The stock had previously closed at GBX 47.50.

Transense Technologies Trading Down 2.8%

The stock has a market cap of £7.02 million, a PE ratio of 8.48 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. The company’s 50-day moving average price is GBX 49.01 and its 200 day moving average price is GBX 58.26.

Insiders Place Their Bets

In other news, insider Ryan Maughan acquired 16,654 shares of Transense Technologies stock in a transaction dated Monday, June 22nd. The shares were acquired at an average cost of GBX 48 per share, for a total transaction of £7,993.92. 46.38% of the stock is currently owned by company insiders.

About Transense Technologies

(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.

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