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

Transense Technologies plc (LON:TRT) reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 56 and last traded at GBX 56, with a volume of 20833 shares traded. The stock had previously closed at GBX 57.

Transense Technologies Price Performance

The firm has a 50 day moving average price of GBX 61.11 and a 200 day moving average price of GBX 85.95. The company has a quick ratio of 2.95, a current ratio of 4.43 and a debt-to-equity ratio of 14.22. The stock has a market cap of £8.51 million, a P/E ratio of 10.28 and a beta of 0.38.

Insider Activity

In related news, insider Ryan Maughan acquired 14,113 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of GBX 71 per share, with a total value of £10,020.23. Also, insider Nigel Rogers acquired 12,500 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was bought at an average cost of GBX 58 per share, for a total transaction of £7,250. 46.27% of the stock is owned by company insiders.

About Transense Technologies

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.