SRT Marine Systems (LON:SRT) Shares Up 22.1% – Here’s Why

Shares of SRT Marine Systems plc (LON:SRT) rose 22.1% during trading on Wednesday . The company traded as high as GBX 48.50 ($0.63) and last traded at GBX 45.80 ($0.59). Approximately 626,790 shares were traded during trading, an increase of 107% from the average daily volume of 303,055 shares. The stock had previously closed at GBX 37.50 ($0.49).

SRT Marine Systems Trading Up 22.1 %

The business’s 50 day moving average price is GBX 32.40 and its two-hundred day moving average price is GBX 28.36. The company has a debt-to-equity ratio of 97.12, a quick ratio of 1.01 and a current ratio of 0.84. The company has a market capitalization of £101.96 million, a price-to-earnings ratio of -1,047.00 and a beta of 1.04.

SRT Marine Systems Company Profile

SRT Marine Systems plc, together with its subsidiaries, develops and supplies automatic identification system (AIS) based maritime domain awareness technologies, products, and systems. The company offers systems, such as DAS-Digital ATON, a system that enhance port and waterway traffic control and navigation safety; NAIS-National Vessel Tracking System, a vessel identification and tracking system solution; MDM-Coastguard, a maritime domain surveillance system; VMS-Fisheries, a system for monitoring, managing, and controlling fishing vessels; and VTS-Ports and Waterways, a monitoring, managing, and controlling system for maritime infrastructure, ports, and waterways.