Transense Technologies (LON:TRT) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Transense Technologies plc (LON:TRT) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 93.69 and traded as low as GBX 62.50. Transense Technologies shares last traded at GBX 62.80, with a volume of 13,796 shares traded.

Transense Technologies Stock Down 0.8%

The firm has a market capitalization of £9.44 million, a PE ratio of 11.40 and a beta of 0.38. The company has a fifty day simple moving average of GBX 64.02 and a two-hundred day simple moving average of GBX 93.11. The company has a debt-to-equity ratio of 14.22, a quick ratio of 2.95 and a current ratio of 4.43.

Transense Technologies (LON:TRT) last released its quarterly earnings results on Tuesday, February 17th. The company reported GBX 0.02 EPS for the quarter. Transense Technologies had a return on equity of 12.05% and a net margin of 16.10%. Analysts forecast that Transense Technologies plc will post 11.0073382 EPS for the current fiscal year.

Insider Buying and Selling at Transense Technologies

In related news, insider Ryan Maughan purchased 14,113 shares of Transense Technologies stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of GBX 71 per share, with a total value of £10,020.23. Also, insider Nigel Rogers purchased 12,500 shares of Transense Technologies stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of GBX 58 per share, with a total value of £7,250. Insiders own 46.07% of the company’s stock.

Transense Technologies Company Profile

Transense is a developer of specialist wireless sensor systems used to enable real-time data gathering and monitoring. Products include the patent protected Surface Acoustic Wave (SAW) sensor technology, used to improve equipment power, performance, reliability and efficiency; iTrack, Transense’s Tyre Pressure Monitoring System, recently licensed to Bridgestone Corporation, the world’s largest tyre producer, under a ten-year deal; and a range of intelligent tyre monitoring equipment under the Translogik brand.