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

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

Seeing Machines Stock Performance

The firm’s fifty day moving average is GBX 3.84 and its 200 day moving average is GBX 4.45. The firm has a market capitalization of £167.19 million, a price-to-earnings ratio of -401.90 and a beta of 1.15. The company has a debt-to-equity ratio of 100.98, a current ratio of 2.72 and a quick ratio of 3.50.

Insider Buying and Selling at Seeing Machines

In related news, insider Michael Brown sold 159,652,752 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of GBX 5 ($0.06), for a total value of £7,982,637.60 ($9,822,366.93). Also, insider Kate Hill bought 200,000 shares of the stock in a transaction on Monday, December 30th. The shares were acquired at an average cost of GBX 5 ($0.06) per share, for a total transaction of £10,000 ($12,304.66). Company insiders own 13.37% of the company’s stock.

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.