Seeing Machines (LON:SEE) Trading Down 7.3% – Should You Sell?

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

Seeing Machines Price Performance

The company’s 50-day simple moving average is GBX 3.84 and its 200 day simple moving average is GBX 4.46. The company has a quick ratio of 3.50, a current ratio of 2.72 and a debt-to-equity ratio of 100.98. The stock has a market capitalization of £182.62 million, a price-to-earnings ratio of -439.00 and a beta of 1.15.

Insider Activity

In other Seeing Machines news, 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 ($9,987,035.66). Also, insider Kate Hill acquired 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 ($12,510.95). 13.37% of the stock is currently owned by 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.