Seeing Machines (LON:SEE) Shares Down 14.4% – Time to Sell?

Shares of Seeing Machines Limited (LON:SEE) traded down 14.4% on Wednesday . The stock traded as low as GBX 2.81 ($0.04) and last traded at GBX 3.25 ($0.04). 55,805,863 shares traded hands during mid-day trading, an increase of 904% from the average session volume of 5,559,900 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Stock Down 13.8 %

The stock has a market cap of £203.72 million, a price-to-earnings ratio of -5.53 and a beta of 1.15. The business has a fifty day moving average of GBX 4.16 and a 200 day moving average of GBX 4.31. The company has a debt-to-equity ratio of 137.68, a current ratio of 1.89 and a quick ratio of 3.50.

Insiders Place Their Bets

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 ($10,117,411.41). Also, insider Stephane Vedie purchased 1,170,000 shares of the stock in a transaction dated Monday, January 13th. The stock was acquired 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.