Seeing Machines (LON:SEE) Shares Down 19.7% – What’s Next?

Seeing Machines Limited (LON:SEE)’s share price fell 19.7% during trading on Thursday . The company traded as low as GBX 2.81 ($0.04) and last traded at GBX 3.05 ($0.04). 42,619,793 shares traded hands during trading, an increase of 715% from the average session volume of 5,230,249 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Stock Performance

The stock’s 50 day moving average price is GBX 4.06 and its 200 day moving average price is GBX 4.28. 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 company has a market capitalization of £180.28 million, a price-to-earnings ratio of -4.90 and a beta of 1.15.

Insider Activity at Seeing Machines

In other Seeing Machines news, insider Michael Brown sold 159,652,752 shares of the firm’s stock in a transaction that occurred on 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 ($10,038,528.17). Also, insider Kate Hill acquired 200,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were bought at an average price of GBX 5 ($0.06) per share, with a total value of £10,000 ($12,575.45). 13.37% of the stock is currently owned by company 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.