Seeing Machines (LON:SEE) Stock Price Down 19.7% – Here’s What Happened

Seeing Machines Limited (LON:SEE)’s stock price dropped 19.7% during mid-day trading on Wednesday . The stock traded as low as GBX 2.81 ($0.04) and last traded at GBX 3.05 ($0.04). Approximately 42,619,793 shares were traded during mid-day trading, an increase of 715% from the average daily volume of 5,230,249 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Trading Down 19.7 %

The firm has a market cap of £189.61 million, a price-to-earnings ratio of -5.15 and a beta of 1.15. 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 business has a 50 day moving average of GBX 4.16 and a 200 day moving average of GBX 4.31.

Insiders Place Their Bets

In related news, insider Stephane Vedie purchased 1,170,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were bought at an average cost of GBX 4 ($0.05) per share, for a total transaction of £46,800 ($59,315.59). Also, insider Michael Brown sold 159,652,752 shares of Seeing Machines stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of GBX 5 ($0.06), for a total value of £7,982,637.60 ($10,117,411.41). 13.37% of the stock is owned by company insiders.

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.