Seeing Machines (LON:SEE) Trading Down 12.7% – Should You Sell?

Shares of Seeing Machines Limited (LON:SEE) dropped 12.7% during trading on Wednesday . The company traded as low as GBX 2.81 ($0.04) and last traded at GBX 3.32 ($0.04). Approximately 64,898,980 shares traded hands during mid-day trading, an increase of 1,021% from the average daily volume of 5,787,228 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Price Performance

The company has a quick ratio of 3.50, a current ratio of 1.89 and a debt-to-equity ratio of 137.68. The firm’s fifty day moving average price is GBX 4.16 and its two-hundred day moving average price is GBX 4.31. The stock has a market capitalization of £205.96 million, a PE ratio of -5.59 and a beta of 1.15.

Insider Activity

In other Seeing Machines news, insider Stephane Vedie purchased 1,170,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of GBX 4 ($0.05) per share, for a total transaction of £46,800 ($59,315.59). Also, insider Kate Hill bought 200,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average cost of GBX 5 ($0.06) per share, for a total transaction of £10,000 ($12,674.27). Insiders own 13.37% of the company’s stock.

Seeing Machines Company Profile

Seeing Machines exists to enhance safety. With the world’s most advanced human data-driven technology, Seeing Machines is dramatically reducing fatal accidents every day; and making progress to our end goal of zero fatalities.
A focus on ‘mission critical’ applications, we design, manufacture and sell state-of-the-art software, hardware and systems that are currently used, trusted and incorporated across multiple global industries, by some of the world’s most recognisable brands.