Seeing Machines (LON:SEE) Shares Down 12.7% – What’s Next?

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 69,101,156 shares were traded during trading, an increase of 1,073% from the average daily volume of 5,892,282 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Stock Performance

The firm’s fifty day simple moving average is GBX 4.16 and its 200 day simple moving average is GBX 4.31. The company has a market capitalization of £205.02 million, a price-to-earnings ratio of -5.57 and a beta of 1.15. The company has a debt-to-equity ratio of 137.68, a current ratio of 1.89 and a quick ratio of 3.50.

Insider Activity at Seeing Machines

In other Seeing Machines news, insider Michael Brown sold 159,652,752 shares of Seeing Machines 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 ($10,117,411.41). Also, insider Kate Hill bought 200,000 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of GBX 5 ($0.06) per share, for a total transaction of £10,000 ($12,674.27). 13.37% of the stock is owned by insiders.

About Seeing Machines

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.