Seeing Machines (LON:SEE) Stock Price Down 19.6% – What’s Next?

Seeing Machines Limited (LON:SEE)’s share price traded down 19.6% during mid-day trading on Wednesday . The company traded as low as GBX 2.81 ($0.04) and last traded at GBX 3.06 ($0.04). 79,443,016 shares traded hands during trading, an increase of 1,192% from the average session volume of 6,150,829 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Price Performance

The company has a debt-to-equity ratio of 137.68, a quick ratio of 3.50 and a current ratio of 1.89. The stock has a market cap of £189.61 million, a P/E ratio of -5.15 and a beta of 1.15. The firm has a 50-day moving average price of GBX 4.16 and a 200-day moving average price of GBX 4.31.

Insider Activity

In other news, insider Michael Brown sold 159,652,752 shares of the business’s 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). Also, insider Stephane Vedie purchased 1,170,000 shares of the company’s stock in a transaction dated 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). Company insiders own 13.37% of the company’s stock.

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.