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

Transense Technologies plc (LON:TRT) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 45 and last traded at GBX 46, with a volume of 2475 shares. The stock had previously closed at GBX 45.50.

Transense Technologies Stock Up 1.1%

The company has a market cap of £7.00 million, a price-to-earnings ratio of 8.46 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 stock’s fifty day moving average is GBX 48.03 and its two-hundred day moving average is GBX 57.32.

Insider Activity

In related news, insider Ryan Maughan purchased 16,654 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of GBX 48 per share, for a total transaction of £7,993.92. Insiders own 46.38% 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.