Seeing Machines (LON:SEE) Trading Down 5.5% – Here’s Why

Shares of Seeing Machines Limited (LON:SEE) dropped 5.5% during mid-day trading on Tuesday . The stock traded as low as GBX 4.10 ($0.05) and last traded at GBX 4.39 ($0.05). Approximately 13,133,199 shares changed hands during mid-day trading, an increase of 55% from the average daily volume of 8,467,205 shares. The stock had previously closed at GBX 4.65 ($0.06).

Seeing Machines Trading Down 5.5 %

The firm has a market capitalization of £182.62 million, a P/E ratio of -439.00 and a beta of 1.15. 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 firm has a 50 day moving average of GBX 3.84 and a 200-day moving average of GBX 4.46.

Insider Buying and Selling

In other Seeing Machines news, insider Michael Brown sold 159,652,752 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of GBX 5 ($0.06), for a total value 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 that occurred on Monday, December 30th. The shares were acquired at an average price of GBX 5 ($0.06) per share, with a total value of £10,000 ($12,510.95). 13.37% of the stock is owned by company insiders.

Seeing Machines Company Profile

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.