Seeing Machines (LON:SEE) Trading Down 19.7% – Here’s Why

Shares of Seeing Machines Limited (LON:SEE) dropped 19.7% during mid-day trading on Wednesday . The company traded as low as GBX 2.81 ($0.04) and last traded at GBX 3.05 ($0.04). Approximately 42,619,793 shares traded hands during trading, an increase of 715% from the average daily volume of 5,230,249 shares. The stock had previously closed at GBX 3.80 ($0.05).

Seeing Machines Stock Down 19.7 %

The company has a debt-to-equity ratio of 137.68, a quick ratio of 3.50 and a current ratio of 1.89. The firm has a market capitalization of £189.61 million, a price-to-earnings ratio of -5.15 and a beta of 1.15. The firm has a fifty day moving average price of GBX 4.16 and a 200 day moving average price of GBX 4.31.

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 that occurred 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 ($10,117,411.41). Also, insider Stephane Vedie acquired 1,170,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average cost of GBX 4 ($0.05) per share, with a total value of £46,800 ($59,315.59). 13.37% of the stock is owned by corporate insiders.

About Seeing Machines

Seeing Machines exists to enhance safety. With the world’s most advanced human data-driven technology, Seeing Machines is dramatically reducing fatal accidents every day; and making progress to our end goal of zero fatalities.
A focus on ‘mission critical’ applications, we design, manufacture and sell state-of-the-art software, hardware and systems that are currently used, trusted and incorporated across multiple global industries, by some of the world’s most recognisable brands.