Seeing Machines (LON:SEE) Shares Down 12% – Time to Sell?

Shares of Seeing Machines Limited (LON:SEE) fell 12% during mid-day trading on Wednesday . The stock traded as low as GBX 2.81 ($0.04) and last traded at GBX 3.35 ($0.04). 66,369,703 shares were traded during trading, an increase of 1,040% from the average session volume of 5,823,996 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Stock Performance

The company has a market capitalization of £205.96 million, a price-to-earnings ratio of -5.59 and a beta of 1.15. The company has a current ratio of 1.89, a quick ratio of 3.50 and a debt-to-equity ratio of 137.68. The stock has a 50-day simple moving average of GBX 4.16 and a 200-day simple moving average of GBX 4.31.

Insider Activity at Seeing Machines

In related news, insider Stephane Vedie bought 1,170,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of GBX 4 ($0.05) per share, for a total transaction of £46,800 ($59,315.59). Also, insider Michael Brown sold 159,652,752 shares of the 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). 13.37% of the stock is currently owned by corporate 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.