Seeing Machines (LON:SEE) Trading Down 10.8% – Here’s What Happened

Seeing Machines Limited (LON:SEE)’s stock price fell 10.8% on Wednesday . The stock traded as low as GBX 1.65 ($0.02) and last traded at GBX 1.65 ($0.02). 21,653,439 shares were traded during trading, an increase of 139% from the average session volume of 9,052,814 shares. The stock had previously closed at GBX 1.85 ($0.02).

Seeing Machines Trading Down 10.8 %

The business’s 50-day moving average is GBX 2.98 and its two-hundred day moving average is GBX 3.73. 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 market capitalization of £102.57 million, a PE ratio of -2.79 and a beta of 1.15.

Insider Activity

In other news, insider Stephane Vedie bought 1,170,000 shares of the firm’s 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 ($59,800.66). Insiders own 13.37% of the company’s stock.

Seeing Machines Company Profile

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.