Transense Technologies (LON:TRT) Sets New 52-Week Low – Time to Sell?

Transense Technologies plc (LON:TRT)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 55 and last traded at GBX 56.70, with a volume of 14466 shares. The stock had previously closed at GBX 56.

Transense Technologies Trading Up 1.3%

The company’s 50 day simple moving average is GBX 60.39 and its two-hundred day simple moving average is GBX 84.08. The company has a debt-to-equity ratio of 14.22, a quick ratio of 2.95 and a current ratio of 4.43. The stock has a market cap of £8.63 million, a price-to-earnings ratio of 10.42 and a beta of 0.38.

Insiders Place Their Bets

In related news, insider Nigel Rogers bought 12,500 shares of Transense Technologies stock in a transaction that occurred on Monday, April 27th. The stock was purchased at an average cost of GBX 58 per share, for a total transaction of £7,250. 46.27% of the stock is currently owned by company insiders.

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.