Seeing Machines (LON:SEE) Trading Down 19.7% – Time to Sell?

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

Seeing Machines Trading Up 4.6 %

The company has a quick ratio of 3.50, a current ratio of 1.89 and a debt-to-equity ratio of 137.68. The firm has a market cap of £198.31 million, a P/E ratio of -5.39 and a beta of 1.15. The business’s 50 day moving average is GBX 4.13 and its 200-day moving average is GBX 4.30.

Insider Activity

In related news, insider Stephane Vedie bought 1,170,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were purchased at an average cost of GBX 4 ($0.05) per share, with a total value of £46,800 ($59,353.20). Also, insider Michael Brown sold 159,652,752 shares of the business’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 transaction of £7,982,637.60 ($10,123,827.01). Company insiders own 13.37% of the company’s stock.

Seeing Machines Company Profile

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.