Transense Technologies (LON:TRT) Shares Climb 11.4% – Time to Buy?

Shares of Transense Technologies plc (LON:TRT) shot up 11.4% during mid-day trading on Monday. The stock traded as high as GBX 45 and last traded at GBX 45. Approximately 345,344 shares changed hands during mid-day trading, an increase of 490% from the average daily volume of 58,534 shares. The stock had previously closed at GBX 40.40.

Transense Technologies Trading Up 11.4%

The firm has a market capitalization of £6.85 million, a price-to-earnings ratio of 8.27 and a beta of 0.38. The business’s 50 day moving average price is GBX 45.37 and its 200-day moving average price is GBX 53.59. The company has a debt-to-equity ratio of 17.42, a current ratio of 3.53 and a quick ratio of 2.95.

Transense Technologies (LON:TRT) last announced its quarterly earnings data on Wednesday, September 23rd. The company reported GBX (0.69) earnings per share for the quarter. Transense Technologies had a negative return on equity of 1.47% and a negative net margin of 2.27%. Equities analysts forecast that Transense Technologies plc will post 11.0073382 EPS for the current fiscal year.

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.