Seeing Machines (LON:SEE) Shares Down 7.3% – Here’s Why

Shares of Seeing Machines Limited (LON:SEE) traded down 7.3% on Tuesday . The stock traded as low as GBX 4.10 ($0.05) and last traded at GBX 4.30 ($0.05). 15,355,262 shares traded hands during mid-day trading, an increase of 70% from the average session volume of 9,022,721 shares. The stock had previously closed at GBX 4.65 ($0.06).

Seeing Machines Trading Down 7.0 %

The firm’s 50-day simple moving average is GBX 3.84 and its 200-day simple moving average is GBX 4.46. The firm has a market capitalization of £166.40 million, a P/E ratio of -400.00 and a beta of 1.15. The company has a quick ratio of 3.50, a current ratio of 2.72 and a debt-to-equity ratio of 100.98.

Insider Buying and Selling

In other Seeing Machines news, insider Kate Hill bought 200,000 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of GBX 5 ($0.06) per share, for a total transaction of £10,000 ($12,360.94). Also, insider Michael Brown sold 159,652,752 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of GBX 5 ($0.06), for a total transaction of £7,982,637.60 ($9,867,289.99). 13.37% of the stock is owned by company insiders.

About Seeing Machines

Seeing Machines Limited, together with its subsidiaries, provides driver and occupant monitoring system technologies in Australia, North America, the Asia Pacific, Europe, and internationally. It operates through two segments: Original Equipment Manufacturer (OEM) and Aftermarket. The company offers operator monitoring and intervention sensing technologies and services for the automotive, mining, transport, and aviation industries.