Seeing Machines (LON:SEE) Shares Down 5.5% – Here’s What Happened

Seeing Machines Limited (LON:SEE)’s share price dropped 5.5% during mid-day trading on Tuesday . The company traded as low as GBX 4.10 ($0.05) and last traded at GBX 4.39 ($0.05). Approximately 13,133,199 shares traded hands during trading, an increase of 55% from the average daily volume of 8,467,205 shares. The stock had previously closed at GBX 4.65 ($0.06).

Seeing Machines Stock Down 7.0 %

The firm’s 50 day moving average price is GBX 3.84 and its two-hundred day moving average price is GBX 4.46. The company has a market capitalization of £166.40 million, a price-to-earnings ratio of -400.00 and a beta of 1.15. The company has a current ratio of 2.72, a quick ratio of 3.50 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 dated Monday, December 30th. The stock was bought at an average cost of GBX 5 ($0.06) per share, with a total value of £10,000 ($12,360.94). Also, insider Michael Brown sold 159,652,752 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was 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 currently 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.